Amazon Buys Souq.com, The Middle East’s Biggest Online Retailer, After $800

For your convenience, we have established a list of authorized on-line retailers. The Middle East’s biggest online retailer, , has been bought by Amazon on March 28, 2017, for an undisclosed amount, a day after a counteroffer of $800 million from the operator of Dubai’s biggest mall became public. The successful candidate had a background in leading online divisions in retail and consumer services companies, with general management experience underpinned by a functional background in marketing in both retail and consumer goods.online retailer

Traditional retailers are doing a better job at working out where consumers want to be, so it will get harder for smaller retailers to grow without greater financial support,” he says. However, merchants face less risk from physical theft by using a warehouse instead of a retail storefront.

Integrating Dick Smith’s 380 physical stores with the retailer’s online presence has been a key focus of Abboud’s, who said in September last year the addition of Dick Smith stores on eBay and Catch of the Day has been a step in the right direction. JB Hi-Fi’s online revenues increased by 13.9% in the 2014 financial year to total $75 million, accounting for approximately 2.2% of total sales.

A joint statement described the purchase as expanding Amazon’s influence into the Mideast as the chairman of the state-supported firm Emaar prepares to launch his own retail website in a country known more for its luxury malls than online shopping. But sales figures show that consumers are shifting from luxury malls to online shopping.

This selection of articles focuses on how e-commerce is changing the rules of the retail game and suggests ways an incumbent retailer can emerge as one of the winners. Online retailers have become profit-making monsters in the last decades, and they pose a threat to other industries.online retaileronline retailer