Majid Al Futtaim Sees 188% Rise in Online Sales

The transcript discusses the significant growth in online sales, with a 188% increase in 2020, and the expectation to double this in 2021. It highlights the impact of the pandemic on profitability and the anticipated recovery with vaccine rollouts. Rent negotiations and retail partnerships are explored, with a focus on new mall openings. The transcript also provides insights into the markets of Egypt and Saudi Arabia, noting increased investment and consumer sentiment.

What percentage uplift in online sales was reported in the text?

How did the pandemic impact the retail market according to the speaker?

What is the expected growth in online turnover for 2021?

What percentage of customers who transacted online wish to continue doing so in 2021?

What are the two sides mentioned regarding rent negotiations during the pandemic?

What is the outlook for Saudi Arabia's economy as mentioned in the text?

What factors are contributing to the consumer sentiment returning in Saudi Arabia?