Tags
The demand for a wide range of non-food commodities in Qatar has significantly dropped over the past four months due to a number of factors, it is learnt.
Speaking to Gulf Times, one of the managers of a leading supermarket in the country said few people are buying gadgets, garments, toys and appliances, among others at their department store.
He admitted that sales on these items dropped between 50 and 75% since September compared with the same period in 2014.
While citing the effects of plunging oil prices, the manager believes the increasing number of players in the market had “further reduced their share of the pie.”
“Due to high exchange rates of most Asian currencies, large expatriate populations in Qatar such as Indians, Filipinos and Nepalis also preferred sending more money to their families back home.”
Filipinos usually send a significant amount of remittances to the Philippines in December due to some major festivities celebrated by many Filipinos.
The same month is also a time when a large number of Filipinos in various parts of the world particularly in the Middle East fly back home to join their families, which entail huge spending.
For food items, groceries and other basic needs, the manager said these commodities have not been affected by the economic slowdown and other factors except the rising competition in the Qatar market.
Another manager of the supermarket who was assigned in another branch outside Doha echoed the statement of his colleague noting “a slight decline” in the demand for non-food items.
Comparing their sales with other branches, he said the demand for such commodities in other locations maybe different than those with a large number of occupants such as Doha.
“But I have to admit that most of the branches were not able to meet their targets last year,” he stressed. “We also have to consider other things like the post-Eid season which is really dry for us.”
Besides supermarkets, other business establishments, stores and shops in major malls in Doha also complained of drop in sales.
Many of these businesses were prompted to offer various promotions, special discounts, and cash backs just to increase their sales.
A supervisor of a high-end furniture shop said they now offer 10% to 20% discount even on their new collections. Some items are on 30% to 50% discount. “We hardly used to give such offers in the past,” she added.
There are no comments.
Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.
Some 60mn primary-school-age children have no access to formal education
Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions
The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged
Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.
The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.
Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.