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New Details

UAE Retailers Elevate Ramadan Shopping Experience

Published on : 21-03-2024

UAE Retailers Elevate Ramadan Shopping Experience

As the sacred month of Ramadan unfolds, retailers in the UAE are ramping up their efforts to entice shoppers with enticing promotions and offers. The demand surge during this period is evident, and retailers are keen to meet it head-on.

According to data from GfK, a global market intelligence company, the overall technical consumer goods market witnessed an impressive 8% uplift in sales during March and April last year compared to non-sale periods. This year, a similar trend is expected to prevail.

Adapting to Altered Schedules

During Ramadan, eating and sleeping schedules undergo significant changes. As a result, shopping hours also shift. Malls and markets extend operating hours, catering to shoppers after iftar (the evening meal) and prayers. Additionally, the convenience of online shopping has gained prominence, with e-commerce platforms experiencing a boost.

Groceries and Food Items

Families tend to allocate more of their budget to groceries and food items during Ramadan, especially iftar and suhoor (the pre-dawn meal). This culinary focus reflects the spirit of togetherness and celebration during this holy month.

Three Phases of Sales

GfK's research highlights three distinct phases of sales during Ramadan, each influenced by the unique rhythms of this spiritual time.

As we embrace the blessings of Ramadan, the surge in retail sales observed in March 2023 serves as a testament to the anticipation and preparation that precede this sacred month.

Ramadan Retail Strategies: Balancing Tradition and Commerce

As the holy month of Ramadan unfolds, a fascinating interplay between religious devotion and consumer behaviour takes centre stage. Retailers deftly navigate this delicate balance, adapting their strategies to cater to the faithful while seizing growth opportunities.

Mid-Ramadan Slowdown

During the middle of Ramadan, a noticeable slowdown in retail sales occurs. People shift their focus to religious activities, spending cherished moments with family, and observing fasting rituals. The spiritual essence of this month takes precedence over material pursuits.

Eid: A Retail Surge

However, as Eid approaches, retailers capitalize on the surge in demand. They offer special promotions and discounts, enticing shoppers preparing for festive celebrations. The end of Ramadan witnessed a significant upswing in retail sales—a testament to the anticipation and excitement surrounding Eid.

Strategies in Motion

Retailers employ several savvy strategies during this period:

  1. Bundle Deals: Electronics retailers offer bundle deals, encouraging customers to buy more while adding value to their purchases.
  2. Special Offers and Bank Discounts: Exclusive coupon codes and promotions attract price-conscious consumers seeking Ramadan and Eid essentials.
  3. Limited-Time Offers and Flash Deals: Urgency drives sales, as customers seize exclusive discounts before they expire.
  4. Gifts with Purchases: Complimentary gifts or samples enhance perceived value, nudging customers toward a purchase.
  5. Extended Store Hours: Malls and markets stay open later, accommodating post-iftar shoppers and boosting footfall.
  6. Ramadan-Themed Campaigns: Messages of family, togetherness, and giving resonate, fostering brand loyalty.

 

The Competitive Landscape

GfK studies reveal that retailers strategically align their deals with the festive atmosphere, primarily as Ramadan draws close. The competitive retail landscape intensifies the use of discounts, with online platforms like Noon and Amazon playing pivotal roles.

As the crescent moon graces the sky, retailers continue their dance between tradition and commerce, ensuring that spiritual and material needs are fulfilled.

#uaeramadan #ramadannews2024 #shopping #travelnews2024

News Source : Khaleej Times

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