Jacky’s to provide logistics services to CE competitors

Dubai-based consumer electronics business to offer logistics services to rival electronics channel players.

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By  Aaron Greenwood Published  September 6, 2006

The Jacky’s Group of Companies will begin offering logistics services to the consumer electronics and home appliance sectors by the end of this year, opening new facilities first in the Jebel Ali Free Zone (JAFZ) and later in Logistics City, Dubai. Jacky’s will provide logistics to companies seeking to use the UAE as a base through which to target export markets in the Middle East and Africa. The company’s export division already caters to the logistics requirements of the group’s retail chain Jacky’s Electronics as well as its distribution contracts for brands including La Germania, Smeg and own-brand Venus. It is in the process of building a new logistics hub in Dubai’s Jebel Ali Free Zone to add to its existing facilities there and in Aweer. The new facility will be located in the south zone and cover an area of 10,000 sq metres at a height of approximately 11 metres. “Our current logistics facilities are full on the back of our distribution commitments,” Jacky’s executive director Manohar Punjabi told ECN. “We have begun construction of a new logistics centre in Jebel Ali, which should be operational before the end of this year. “We are in the process of obtaining a freight forwarding license, which should be approved within the next month. “At present, we are limited by the terms of our general trading license to trading products for which we are registered distributors, and for those products we have purchased for sale in our retail outlets.” Punjabi revealed that Jacky’s has signed an initial agreement to establish another facility in Dubai’s new Logistics City development. Logistics City is still in the early stages of construction and therefore land has not yet been allocated to investors, however Punjabi suggested a location would be confirmed within the next 12 months. He said the company’s export division planned to leverage its existing warehousing space to provide logistics services in the interim. “We are currently in discussions with a number of vendor partners who have given us rights for marketing and distribution in the UAE. These partners are looking to centralise their operations for the GCC markets,” he said. “We have a wealth of experience of logistics from providing similar services to our retail chain, Jacky’s Electronics, in addition to our role acting as distributor for a number of key consumer electronics brands.” In other news, Jacky’s Electronics has opened two new outlets in Dubai’s Mall of the Emirates. The new stores boast combined floorspace of 6,000 square feet and boost the company’s retail presence in the UAE to 11 outlets. “Retail spend in shopping malls in the UAE is rising,” said Ashish Panjabi, COO of Jacky’s Electronics. He added that the popularity of the mall among both residents and tourists was one of the main reasons behind the decision to open two additional outlets there. The retailer previously opened a Jacky’s Express outlet in the mall’s entertainment centre, dubbed Magic Planet, in March. “Dubai has forged a solid reputation for being a major regional consumer electronics retail hub,” Panjabi explained. “Mall of the Emirates has come to be recognised as one of Dubai’s most popular retail venues. Based on the success of the first Jacky’s Express outlet we decided to establish multiple stores in the mall.” The first of the new Jacky’s Electronics outlet opened on the 20th of August, with the second following later in the month.

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