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Saudi retailers incurred SR800m in losses due to feminisation programme: JCCI

: Wednesday, March 12 - 2014 @ 11:37

The Jeddah Chamber of Commerce and Industry (JCCI) has said the government’s decision to feminise shops selling women’s bags, shoes, perfume and clothing has led to businesses losing an estimated SR800m, Arab News has reported. Chairman of the JCCI’s textile and clothing committee, Mohammad Al-Shahri said 25% of small and medium-sized shops have shut down, while many others are considering pulling out of the market, because of high costs, including the expense of employing women for two shifts at double the salaries of expatriates, rising rents and the levy imposed on companies under the Saudization programme.

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Wednesday, March 12- 2014 @ 11:37 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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