UAE retailer Choithrams has seen a 40% rise in its business since the outbreak of the coronavirus pandemic, according to a senior executive at the company.
Like many retailers in the UAE, Choithrams – which has 40 stores across the UAE – has seen a boom in its business in recent weeks, following the escalation of the Covid-19 crisis.
“Our business versus the same month last year, our numbers are up around 40%,” Dinesh Pagarani, Director, Choithrams, told the Business Breakfast show on Dubai Eye 103.8.
Following an initial period of panic buying, Pagarani said the surge in trade has relaxed somewhat, with customers starting to return to more normal buying patterns.
“Things have calmed down a bit, in terms of the panic buying and the hoarding, and to be honest there’s not much of a need for consumers to do this. We have peace of mind that we will have enough to feed the residents of Dubai over the next few months,” he told the radio show.
“There are certain channels, where the sales are very low – in restaurant and catering industry and petrol pumps – so you’re going to see a lot more of those stocks funnelled into the supermarkets.
“We keep quite healthy inventory levels at Choithrams and we’ve spoken to our key local suppliers who have sort of echoed the same. Everyone has sufficient stock over the next few months. There’s also shipment in transit, which will remain unaffected,” he added.
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