HYKE hosts Exclusive Partners Events in KSA
Kingdom of Saudi Arabia
Highlights Key Achievements and Strategy in the region
, 1st February 2022: HYKE, an app-based digital distribution platform that helps connect manufacturers and retailers recently hosted a series of Partners Events with key retailers in the Kingdom of Saudi Arabia to highlight the brand’s notable achievements in 2021 and outline the brand’s 2022 strategy. The partner events were successfully conducted across the cities of Riyadh, Jeddah, Khobar, and Abha. HYKE helps suppliers meet Retailers through a proper channel designed to accommodate a holistic and robust network backed by relevant technology, supply chain infrastructure and market reach in just a few clicks to help them run their business seamlessly and efficiently. Moreover, Suppliers have access to full market reach, real-time data visibility, last-mile credit, operational efficiency, and lower cost.
Over 7500+ thousand active retailers are associated with Hyke across KSA and the UAE. During the events, KSA & UAE’s Country Trade Marketing Manager highlighted some key achievements of the brand in KSA Market. For instance, the brand obtained a 15%+ market share in the kingdom while reaching an average of 15K monthly orders, and maintaining an average order value of 5K SAR in the past year. Retailers associated with the brand avail regular benefits like credit facilities and competitive prices which help boost their growth. The series of events saw a great turnout and addressed some important topics for all channel partners.
Hyke’s channel partners are instrumental to the success of the platform and the brand is committed to maintaining a strong connection with them. Over 200 retailers attended the events to connect and learn through the sessions that highlighted Hyke’s retail centric strategy that aims to assure a smooth and easy App experience. Hyke’s increased focus in high-margin categories is also supported by efficient communication and real-time market response. Hyke’s vision for their growth in KSA’s telecom Market in 2022 was also demonstrated creatively and effectively during the events.