Saudi Retailer Jarir to Open New Stores, Chairman Says

The transcript discusses the impact of the pandemic on consumer spending and business operations, highlighting a shift to virtual schooling and delays in product launches. It covers the company's progress in e-commerce and store expansion, despite challenges in wholesale. The discussion includes the effects of government support and VAT changes on sales. The potential impact of a new iPhone launch on future results is also analyzed, considering consumer spending challenges and market competition.

What was one of the major challenges faced by the company during the pandemic?

• Increased showroom traffic

• Higher consumer confidence

• Shift from virtual to physical schooling

• Delay in iPhone release

How has the company improved its e-commerce operations during the pandemic?

• Increased showroom visits

• Reduced number of stores

• Extended delivery times

• Fulfillment from stores

What is the company's plan regarding store openings despite the pandemic?

• Close all stores

• Open new stores

• Reduce store count

• Maintain current store count

How did the VAT changes impact the company's sales?

• Decreased sales in June

• Increased sales in July

• Surge in sales during the second quarter

• No impact on sales

What is the company's outlook on the new iPhone release?

• It will lead to store closures

• It will negatively impact sales

• It will have no impact

• It will be helpful in the fourth quarter

What challenge does the company anticipate as things return to normal?

• Decreased e-commerce activity

• Competition with entertainment and food sectors

• Higher consumer spending

• Increased government support

What is a potential challenge for consumers regarding the new iPhone?

• Consumer wallet constraints

• Increased government support

• High entertainment activity

• Lack of interest