São Paulo – Sales at Majid Al Futtaim mall stores fell by 19% in Egypt last year due to the COVID-19 pandemic, according to information published on Friday (28) on the Egyptian news website Al Ahram. Majid Al Futtaim is a group from the United Arab Emirates that owns and operates shopping malls and retail and leisure businesses in the Middle East and North Africa, including supermarkets under the Carrefour brand.
The acting managing director of the West region Majid Al Futtaim Properties Shopping Malls, Rasha Azab, spoke about the drop in sales at a virtual round table with Egyptian journalists. Azab said the decline was at an acceptable percentage compared to figures recorded around the world.
The executive informed that there are signs of recovery in sales earlier this year, despite the third wave of COVID-19 in Egypt. According to him, Majid Al Futtaim supported its stakeholders during the pandemic and continues to look for initiatives to support them while preparing the future of retail in the post-COVID world.
The group launched an online sales platform for stores in its shopping malls, Click and Collect, where customers can place orders online and pick them up at selected locations.
Majid Al Futtaim took several measures in its shopping malls to prevent the spread of COVID-19, such as the closing of its doors between March and April 2020. As a result, the collection of rent was replaced by a percentage of sales. With open doors, several measures to prevent COVID were put into practice.
Translated by Elúsio Brasileiro
