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Saudi plan to expose retailers' mark-up rates
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 7 January 2009
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Posted on Monday, 4 May 2009
mark ups
Posted by dc qatar at 17:16 UAE time
when I see all the luxury shops in the Middle East I recognise why 100% markups are needed, these are empty most of the time and need to make the occasional sale, just to pay the overheads!
Leave the poor dears alone otherwise you will have Soviet style shops and the same degree of choice
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Posted on Wednesday, 7 January 2009
How about just mentioning the MRP
Posted by Bijoy at 15:38 UAE time
IT indded is a commendable effort from the authorities. But it only gives the insight to the profit margins of the retailers. As consumers, are we at an upperhand to boycott products. Unfortunately, not yet in Saudi Arabia. There are Cartels of price-fixing everywhere.
To simplify and control the prices, why don't authorities just ask the manufacturers to mention the Maximum Retail Price (MRP) on the packages..This will prevent the retailers from charging more!
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Not workable
Posted by Leo Soz at 14:22 UAE time
This approach is totally anti-enterprise and pro-socialist, which will stifle retail innovation and channel dynamics. Value addition, which is a part of excellence, will be consigned to back burner and will promote mediocrity at various levels. In a growing economy, the market forces and competition should drive prices down. I would advocate price control mechanism in Government controlled monopolistic business and service sectors... such as Telecom Tariff, broadband tariff, airport levies, utilities etc. This would be a more sensible way to reach out to the consumer.
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Retailers rates
Posted by Dave at 12:53 UAE time
Great idea! (not) That'll immediately cause most of the distributors to stop bringing in niche items or alternative brands to the 'big' names and remove what little choice the consumer has now!!!
Instead, how about advising the consumer just how much the local partners are taking out of the company (on the back of someone else's hard work) by way of exorbitant rents, fancy cars, garish villas, profit shares, thrice yearly holiday expenses etc.
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Bravo
Posted by Obelix at 12:37 UAE time
This is a great idea and should be implemented across the region. You'd be amazed at the markup on prices in some sectors especially electronics. Just compare prices in the US to UAE . In recent times, even in India (taxed), the prices are way lower than UAE (no-tax)
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for some reason, I actually like the idea...
Posted by Samer at 10:43 UAE time
....but only if applied on specific products like basic food stuff (flour, milk, sugar... etc), medication and fresh produce..
Oh .. imagine seeing that happening here in Dubai. Some outlets will be deserted and shut down in a matter of days .. hilarious!
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