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The website was founded in 2005 [7] [8] by Ronaldo Mouchawar and was originally a consumer-to-consumer auction site part of Maktoob Group. [9] In 2010, Wisam (Sam) Daoud joined Souq from eBay as Chief Technology Officer and led the transformation of the business from auctions to a fixed price catalog based business similar to Amazon.com. [10]
A comparison shopping website, sometimes called a price comparison website, price analysis tool, comparison shopping agent, shopbot, aggregator or comparison shopping engine, is a vertical search engine that shoppers use to filter and compare products based on price, features, reviews and other criteria.
The perceived value means that people can compare the products and prices online, bringing them the perceived value of getting more benefits online than in an offline store. [28] The comfortable environment that online shopping brings to customers can make consumers get more perceived value.
Al Twar Shopping Center B1 Mall Al Barsha 1, Dubai Beach center Jumeirah Beach Road: Bin Sougat Shopping Center Al Rashidiya: Dana Shopping Center Deira: Dubai Shopping Center Deira: Dune Center Al Dhiyafah street Dubai Gold and Diamond Park Deira: Hamarain Shopping Centre Deira [9] Holiday centre Holiday Inn Crown Plaza Hotel Karama Shopping ...
In March 2020, global retail website traffic hit 14.3 billion visits [66] signifying an unprecedented growth of e-commerce during the lockdown of 2020. Later studies show that online sales increased by 25% and online grocery shopping increased by over 100% during the crisis in the United States. [67]
It soon grew into a chain with several outlets across the UAE, Kuwait, Qatar, Saudi Arabia, Bahrain, Oman, and Yemen. On March 10, 2013, the first LuLu mall in India was opened in Kochi which was the largest mall in the country during that time.