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Hyperpanda to shutter its doors in Dubai Festival City

Hyperpanda to shutter its doors in Dubai Festival City

Old Mar 28th 2017, 11:27 am
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Default Hyperpanda to shutter its doors in Dubai Festival City

Hyperpanda to shutter its doors in Dubai Festival City | The National
Hyperpanda is set to close after trading for more than a decade at Dubai Festival City Mall.

A customer service representative confirmed a clearance sale was expected to start this week. About 400 people are understood to work at the vast hypermarket, the only Hyperpanda in the UAE.

Riyadh-listed Savola Group, the parent company of HyperPanda, and Al Futtaim, the owner of Dubai Festival City Mall, did not return requests for comment.


The 175,000 square feet store opened in 2006. The closure of the store comes as traditional retailers and mall owners come under pressure of slowing economic growth, a strong dollar and the growth of e-commerce.

Savola, one of the largest food and retail groups in Saudi Arabia, reported its first quarterly loss in eight years for the fourth quarter of 2016, when it lost 964 million Saudi riyals (Dh944.1m).


The group closed 51 smaller Pandati stores last year as the economic slowdown in the kingdom hit consumer demand.

"Due to the rapid deceleration in grocery retail, the performance of these assets fell below forecasts and the inventory purchased in anticipation of these forecasts was high," it said in a filing. The company said it would reconfigure its operating model in retail.
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Old Mar 28th 2017, 11:28 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

so bargains to be had huh
although i suspect it will be packed
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Old Mar 28th 2017, 11:36 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

'Hyperpanda to shutter its doors'? Shoot the sub for that horrible use of English. The paper's standard is supposed to be British English.
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Old Mar 28th 2017, 11:37 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

Originally Posted by Meow View Post
'Hyperpanda to shutter its doors'? Shoot the sub for that horrible use of English. The paper's standard is supposed to be British English.
You are right, we should question the ability of anyone associated with that paper.

[joke!]
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Old Mar 28th 2017, 11:39 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

Originally Posted by Millhouse View Post
You are right, we should question the ability of anyone associated with that paper.

[joke!]
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Old Mar 28th 2017, 11:45 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

Originally Posted by Meow View Post
'Hyperpanda to shutter its doors'? Shoot the sub for that horrible use of English. The paper's standard is supposed to be British English.
That was sandpaper on my eyes as well.... Have a word!
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Old Mar 28th 2017, 11:48 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

Originally Posted by Miss Ann Thrope View Post
That was sandpaper on my eyes as well.... Have a word!
I am just a lowly freelancer. I've winced at a few headlines the subs have given to my own pieces.
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Old Mar 28th 2017, 11:50 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

Did anyone ever go there? What did they sell?
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Old Mar 28th 2017, 11:52 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

It's a big supermarket!
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Old Mar 28th 2017, 11:57 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

Originally Posted by DXBtoDOH View Post
Did anyone ever go there? What did they sell?
Yeah, was alright. They had a cool section at the back of regional stuff - some good UK products that were hard to find elsewhere. Fresh produce not so great. Shop as a whole a bit of a dump.
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Old Mar 29th 2017, 6:58 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

Like a more shite Carrefour / Lulu.
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Old Mar 29th 2017, 7:38 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

only ever went in there a couple of time when I was at festival city for other reasons. was always pretty empty.
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Old Mar 29th 2017, 8:01 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

Did anyone ever go to Festival City?

Went for Ikea / ACE a few times but the rest of the place was always a bit of a ghost town.

Originally Posted by Inselaffen View Post
only ever went in there a couple of time when I was at festival city for other reasons. was always pretty empty.
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Old Mar 29th 2017, 8:13 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

Originally Posted by DXBtoDOH View Post
Did anyone ever go to Festival City?

Went for Ikea / ACE a few times but the rest of the place was always a bit of a ghost town.
only ever went when going to Ikea
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Old Mar 29th 2017, 8:36 am
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Default Re: Hyperpanda to shutter its doors in Dubai Festival City

Originally Posted by DXBtoDOH View Post
Did anyone ever go to Festival City?

Went for Ikea / ACE a few times but the rest of the place was always a bit of a ghost town.
It is now quite a good mall.

Not too big, some good shops, good food options, never too busy and very spacious.

If you fancy a bit of a wander, lunch and shopping it beats the monster malls hands down.
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