Majid Al Futtaim's Bejjani: Online Business Continues to Grow

The video discusses the economic recovery in 2021, highlighting the return of consumer habits to pre-COVID levels and the impact on various industries like retail and cinemas. It explores the balance between online and offline consumption, noting the sustained growth of online business. The video also addresses a 10% revenue drop in grocery retail due to a correction from 2020's high demand. Market priorities focus on the UAE, Saudi Arabia, and Egypt, with significant investments in retail infrastructure. Vacancy rates in malls are low, and the importance of brick-and-mortar stores is emphasized. Lastly, the video touches on portfolio optimization strategies.

What was a significant factor in the economic recovery during the first half of 2021?

• Increased online shopping

• Return of consumer habits to pre-COVID levels

• Decrease in cinema attendance

• Reduction in grocery retail sales

How did the trends in online consumption change post-COVID?

• Online business growth remained healthy

• Online business growth was inconsistent

• Online business growth stopped completely

• Online business growth slowed down

What was the primary reason for the 10% drop in revenue in the grocery retail sector?

• Higher stocking levels in early 2020

• Supply chain disruptions

• Increased competition

• Decrease in consumer spending

Which geographic market is NOT mentioned as a strategic priority?

• Egypt

• Saudi Arabia

• Canada

• UAE

What is the current status of vacancy rates in Mall of the Emirates?

• Unchanged since 2020

• Increasing rapidly

• Back to almost normal

• Higher than industry average

What is the expected future trend for brick-and-mortar stores?

• They will be critical for sustaining online business

• They will remain separate from online business

• They will become obsolete

• They will only serve niche markets

What is the current status of the district cooling unit sale discussions?

• Discussions are ongoing

• No discussions are happening

• Sale is postponed indefinitely

• Sale is finalized