The retail industry is one of the fastest growing areas of business in the Middle East. With astute populous and high income job descriptions, more Europeans and Americans are moving there quickly. Increasing household consumer’s needs and the gargantuan service industry are actuating the economy. Major shopping malls are seeding the Dubai area for good reason. The latest reports from the MERSA suggest, many huge conglomerates are in the UAE, which accounts for 9% of the total Middle East retail purchases.
This report gives pertinent information on the Middle East country by country. Additionally, it will evaluate various perspective of the industry and emphasizes the main issues related to the industry. The research report helps consumers to analyze the opportunities, critical to the success of the retail industry.
Many of the countries involved in this research are Gulf States, Saudi Arabia, UAE, and Qatar.
Some findings of this report are the fact that retail space in Dubai has grown to almost 275% since 2006. Many shopping festivals, like Dubai (Dubai Summer Surprises and Dubai Shopping Festival) and Dubai Duty Free (DDF) is the main entity in the United Arab Emirates’ retail industry, with retail sales in Dubai Duty Free accounting for over 9% of its retail.
The trend of shopping in shopping malls in the Middle East is fast becoming a lifestyle. As far as the west is concerned the exact opposite is taking place. More Western Europeans and American consumers are purchasing online. International brands are prevalent all over the world from east to west. Many designers such as Armani, JoeyJ, and Hugo Boss are targeting the Middle East for their brands. JoeyJ, an Italian-Croatian designer purchased by Tshirtsgonewild in 2009, has seen exports to boutiques in the UAE sell tenfold. It is redundant to think retailers will not be there in the near future.
For more information please visit:
http://www.tshirtsgonewild.net
No comments:
Post a Comment
Buy 1 Get 1 Free!