The "Union Cooperative" reported that it will reduce the prices of 25 thousand commodities, including food and consumer products during the next Ramadan, by up to 70%. The CEO of the "Union Cooperative", Khaled Hamid bin Dhiban Al-Falasi, explained during a virtual press conference yesterday that the cooperative Prices will decrease during three consecutive campaigns, indicating that the first campaign has already started on April 20, while the other two campaigns will continue until the end of Ramadan.
Al-Falasi said that the cooperative raised the value of the subsidy allocated to reduce the prices of goods in Ramadan to 150 million dirhams, as well as raised the value of financial allocations for the supply contracts for Ramadan to 500 million dirhams, and stressed that there is an abundance of Ramadan commodity offers in the cooperative warehouses, expected sales to reach during the month of Ramadan To the value of 700 million dirhams.
Al-Falasi indicated that the cooperative will extend its working hours during the first days of Ramadan, to become from seven in the morning until two in the morning, with the difficulty of operating throughout the day for the branches in light of implementing sterilization operations for the branches, warehouses and cooperative facilities, in the face of the spread of the Corona virus.
He pointed out that the cooperative works throughout the day to communicate with suppliers in more than 50 countries, to supply its strategic merchandise stockpile, and to ensure price stability and the provision of goods adequately, as it agreed with suppliers to supply products 24 hours a day, seven days a week, as a proactive plan to remedy any A deficiency can occur.
Al-Falasi added that the cooperative is ready to provide products to the competing outlets, which are partners in community service, in the event of its shortage in its outlets through supply contracts, because the current situation the world is witnessing needs to unite efforts to serve the state.
He stated that the strategic stock of goods in the cooperative’s warehouses is sufficient from four to six months in the case of natural consumption, indicating that the cooperative is pumping daily quantities to support the stock at a value of five million dirhams.
Al-Falasi said that the total sales in the cooperative branches increased by 19% in the first quarter of this year.
He pointed out that the cooperative has allocated an initial amount of 17 million dirhams to support the preventive measures and initiatives to confront the “Corona” pandemic, as it spent about eight million and 522 thousand dirhams until yesterday, through sterilization and suppressing operations, in addition to providing logistical support and contributing to the implementation of awareness-raising campaigns to educate Members of the Society.
223% growth in electronic sales
Khalid Hameed bin Theban Al-Falasi, CEO of Al-Ittihad Cooperative, explained that the number of new shoppers, who have made shopping from the cooperative's website, has reached 61,664 new consumers, since the first of last March and until April 21, indicating that the number of requests Received on a daily basis increased from 125 orders to exceed 900 requests with a growth rate of 720%, while sales for the same period amounted to 14 million and 840 thousand and 452 dirhams, with a total of 44 thousand and 213 requests that were delivered to the customers of the "Cooperative Union", with growth exceeding 223% of the total site sales E-commerce, from the beginning of 2020 until last March.