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FINANCIAL NEWS
Smartphones, tablets to drive 2011 sales for Jarir
22 Mar 2011
(MENAFN) Muhammad al-Agil, chairman of Saudi Jarir Marketing Co for office supplies and electronics retailing, said that sales in 2011 would be mostly driven by sales of tablet PCs and smartphones, reported, reported Arabian Business.
Agil said that gross margins would increase in 2011 to 19 percent, up from 17 percent a year earlier.
Agil said that Jarir now has a ten percent market share in Saudi Arabia, which would grant it better sales and thus better margins.
It is worth noting that Jarir currently has 28 stores in the Gulf and is planning three more in Saudi Arabia and one more store in Kuwait.
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