PANDA RETAIL
initiatives is to clearly differentiate between its hypermarket , supermarket and convenience formats , according to Retail Analysis .
In a 2017 report , it said : “ Panda has said that its Pandati format is still being evaluated and reconfigured , following the formats launch in 2013 . As part of the transformation programme this involves tailoring store ’ s products to suit their catchment areas . Panda has reported this has created an increase in footfall .”
The transformation programme will also see Panda Retail focus on “ streamlining ”, said Retail Analysis . “ Panda has focused on range optimisation and improving its assortment of products . It is then drawing attention to certain food categories by pulling products together and turning them into destinations in stores to generate greater interest ,” it detailed .
“ Panda also aims to shrink its supply chain costs . To do this it has improved operations by ensuring better fleet utilisation and launching new planning initiatives . This has particularly focused on its convenience format , Pandati . Panda has also reduced working capital by reducing its inventory .”
The company is looking forward to a prosperous future , appealing to the millions of Saudi nationals through its range of outlets . As it looks forward it finds itself guided by new leadership ; in October 2017 , the company appointed Mr . Bander Talaat Hamooh as Chief Executive Officer .
220 February 2018