Panda Retail opens five new outlets in 30 days

Panda Retail Company opened three HyperPanda new stores last week, two in Al-Qassim and one in Jeddah, bringing the total number of newly-opened stores this month to five. This builds on the two stores recently opened in Jeddah and Riyadh. The new stores aim to enable the largest segments of society for Ramadan shopping.
The five new stores come in keeping with Panda Retail Company’s expansion strategy whose objective is to boost the company’s presence Kingdomwide, apply the concept of availability and reinforce the role of retail sector in the economy. By opening the new stores, the company now operates 65 HyperPanda stores and 156 Panda Chain outlets Kingdomwide.
The company also launched Ramadan offers under the slogan, we slash prices. The campaign aims to provide all foodstuffs, home and electric appliances, as well as other products at discounted and competitive prices making them readily available across all its stores (Panda and HyperPanda) across the Kingdom, including the newly-opened outlets.
Muwaffaq Mansour Jamal, CEO, Panda Retail Company, said: “In line with our commitment to improve customer satisfaction, the company has intensified its efforts and raised its readiness levels for the holy month of Ramadan by opening five new stores in a month. All employees and staff members across Panda chains are fully prepared to receive and support customers and we will work hard to apply best practices in customer service. We have launched Ramadan promotions allowing customers to buy whatever they need for the holy month at lowest prices and highest levels of quality.”
Commenting on the five additional stores, Jamal said: “We are keen to hire qualified Saudis and enhance our Saudization efforts, which form a pivotal part of our employment strategy. That is why we as a company have the largest number of Saudi employees in the retail sector.”