The "Cooperative Union" opened yesterday, the "Factory Factory" warehouse in Dubai, which allows wholesale and retail sales, and provides more than 10 thousand products, as well as provides goods to consumers at discounted rates ranging between 15 and 20% compared to prices in other outlets.
The cooperative said that the sales operations in the new warehouse are carried out by a self-service system to save costs, and that supports the provision of goods at reduced prices, pointing out that it intends to open five similar warehouses during the next five years.
New warehouse
In detail, Khalid Hamid bin Theban Al-Falasi, CEO of Al-Ittihad Cooperative, said that electronic sales platforms are still recording a remarkable increase since the beginning of the “Corona” epidemic compared to the period before the pandemic, noting that the cooperative provided strategic commodity stocks since the beginning of the crisis without The state or shareholders bear any additional burdens.
Al Falasi added during a press meeting held by the cooperative yesterday, on the sidelines of the opening of the “Coop Factory” warehouse in the folding area in Dubai, that the new warehouse operates according to a new concept in the retail trade sector by providing wholesale and retail sales through a branch and warehouse in one place, which provides goods For consumers at discounted rates between 15 and 20% compared to prices in other outlets.
Self-service
Al Falasi explained that the warehouse’s new cooperative branch includes about 10 thousand food and non-food products with a capacity of more than 200 shoppers, with a total area of 15 thousand square meters, and it works as a self-service system within the framework of cost savings, which provides goods at reduced prices to consumers.
He added that the new branch provides price negotiation options when purchasing in large quantities, pointing out that the location of the branch was chosen in an area far from congestion, and it is also close to Sharjah to provide cooperative services to consumers on a large scale.
Al Falasi pointed out that the new branch represents a kind of community service because the profit margin covers operating expenses only, which guarantees the best prices while maintaining the high quality of the products.
5 warehouses
Al-Falasi reported that the cooperative intends to establish five warehouses similar to "Cup Factory" during the next five years, in addition to implementing the investment capital spending program with an estimated value of 2.5 billion dirhams, according to market needs and developments related to the Corona pandemic, as the program includes the establishment of warehouses and sales outlets .
And that the total area of warehouses and warehouses of the branches of the "Cooperative Union" amounts to more than 424 thousand and 442 square feet, and is equipped with the best modern technologies, to secure a sustainable commodity stock that meets all needs and in different circumstances.
Speed up approvals
Khalid Cooperative Chief Executive Officer Khalid Humaid bin Dhiban Al Falasi expressed his hope that the authorities concerned with approvals and procedures for opening cooperative branches and centers will accelerate obtaining approvals to suit the speed of implementing projects that the cooperative carries out to serve the community in general and consumers in particular.
2.5
Billion dirhams the value of the investment spending program that the cooperative intends to implement.
- The Cooperative intends to construct 5 warehouses similar to "Cup Factory" during the next 5 years.