Largest consumer cooperative in the UAE expects AED30 million sales in 2019, nearly double that seen last year
Union Coop, the largest consumer cooperative in the UAE, has revealed that it expects AED30 million sales in 2019, nearly double that seen last year.
The retailer said it is seeking to sell more than 60,000 units from its web store and online partners, up from 22,357 in 2018.
Khalid Humaid Bin Diban Al Falasi, CEO of Union Coop, said: “Our web store crossed AED5 million in sales by February and at the same rate we are looking forward to a figure of AED30 million in sales by 2019-end, nearly twice compared to the AED15.8 million sales of 2018.
“Today, the web store offers premier facilities like same day or next day delivery for fresh and frozen groceries all over Dubai.”
As part of a major push online, Falazi said Union Coop is deploying cutting-edge technology in its web store to offer a next-generation shopping experience to consumers and is collaborating with renowned digital channels and marketplaces such as Souq.com, Elgrocer.com, Instashop.ae, Dukkaani and Noon.com.
He added that the company also plans to expand its home delivery service this year to reach Abu Dhabi and Ras Al Khaimah.
“One can expect more changes and updates in the future to the web store as we have to keep up with the changing technology to make the customer experience even better,” he said.
As well as its online presence, Union Coop also recently announced plans to nearly triple its portfolio to 6.26 million sq ft by 2022 as it predicts an 84 percent jump in revenue.
Union Coop, which began its journey with Satwa branch, now has 15 branches and two malls, and 16 future projects in the five-year forecast.
Source:https://www.arabianbusiness.com/retail/416204-dubai-retailer-union-coop-plans-to-double-online-sales-in-2019