Retail news in the Middle East | Page 2

An overview of news, trends and research in the Retail industry in the Middle East:

Turkey’s e-commerce sector booked remarkable growth and transformation in 2023 Consumers in Turkey are increasingly turning to online shopping for its convenience, driving significant growth in the country’s e-commerce market.
18 April 2024
Fatima Zara Patel (Brand Lounge) on the philosophy of luxury The Middle East’s luxury market is booming, according to research from Boston Consulting Group, offering luxury retailers ample opportunities for growth.
08 April 2024
As prices peak, consumer products sector shifts focus to volume The consumer products sector looks back at a great year.
19 March 2024
Six primary forces re-shaping consumer behavior Drawing from a comprehensive global study, Deloitte has identified numerous trends influencing consumer behavior in the coming years.
14 March 2024
Saudi consumer spending to defy regional trend, says AlixPartners The coming year will see resilient consumer spending in Saudi Arabia despite economic uncertainties that are likely to persist globally, according to a study from management consulting firm AlixPartn
29 February 2024
Al-Futtaim credits IBM Consulting for enhanced Blue Rewards program Al-Futtaim Group’s Blue Rewards program has off late enjoyed strong growth in its customer base and user experience, with much of that growth credited to work done in conjunction with IBM Consulting
28 February 2024
Middle East retail hotspots rise in global Kearney development index The MENA region is well positioned to become one of retailing’s next big hot spots, according to the Global Retail Development Index (GRDI) from Kearney, with 8 of the top 40 slots in the index held
28 February 2024
Ramadan consumers in UAE and KSA to celebrate in different ways The blessed month of Ramadan is soon among us.
18 February 2024
Bain knowledge partner of Retail Leaders Circle MENA Summit At the Retail Leaders Circle MENA Summit, Bain & Company will play a key role in driving the event’s knowledge agenda.
14 February 2024
Reshaping the future of consumer goods distribution Local distributors of consumer goods must adapt to the shifting landscape and focus on value creation to thrive in a changing sector, write Makram Debbas, Sukalp Tipre and Matteo Amici from strategic
10 January 2024
Majority of GCC consumers participate in sales promotion events In a sign of high consumer spending linked with robust economic growth, consumers in the UAE have been shown to be participating at very high levels in special sales promotions.
15 December 2023
UAE and KSA consumers re-purposing their spending habits Consumers in Saudi Arabia and the UAE are re-purposing their spending habits in response to the current economic climate, although they remain notably more upbeat than their global peers on the outlo
14 November 2023
Black Friday is a $74 billion retail opportunity for MENA In the retail landscape of the Middle East and North Africa (MENA), this year’s Black Friday is set to potentially be a $74 billion opportunity.
24 October 2023
Personal luxury fashion market to boom in Saudi and the UAE The luxury market in the Middle East – and particularly in Saudi Arabia and the UAE – is expected to grow significantly in the coming years, with more big spenders shopping for the finer things.
16 August 2023
Saudi Seasons cannibalising revenue from non-season period The Saudi Seasons initiative has been designed to boost tourism revenue and get people spending, but new research shows that the initiative might backfire on non-season periods.
10 August 2023
Booming Saudi e-commerce market shifting to homegrown players Saudi Arabia’s e-commerce market has largely depended on international marketplaces to fulfil the needs of its consumers.
07 August 2023
Electronics refurbisher Revibe secures $2.3 million in growth funding Revibe, a Dubai-based refurbished tech startup that was founded by two ex-consultants, has secured $2.3 million funding.
26 July 2023
How Ramadan impacts the consumer behaviour of Saudis As the 2023 edition of Ramadan takes places, new research by Strategic Gears has found that consumer behaviour during the holy month will differ (markedly) from other periods of the year.
05 April 2023
Inflation rather than enthusiasm to drive added Ramadan sales The holy period of Ramadan is again set to break sales records this year, but the feast thanks its 2023 growth for a large part on the dynamics of inflation – rather than consumer enthusiasm.
24 March 2023
How Majid Al Futtaim is developing internal audit in its retail business Senior executive Ali Hamdan is responsible for overseeing the internal audit function of Majid Al Futtaim’s Retail business.
15 March 2023
Saudi Arabia's top sectors for CX: Retail and Financial Services What sectors offer the best customer experience in Saudi Arabia? In its take on the multifaceted question, KPMG surveyed over 1,500 consumers from across the Kingdom to find out, concluding that reta
06 February 2023
Consumer spending appetite remains strong in UAE and Saudi Despite concerns about cost-of-living increases and global economic uncertainty, consumer spending power in the UAE and Saudi Arabia is expected to remain strong this year, according to research by K
19 January 2023
Five technologies redefining the customer experience The world of customer experience is constantly evolving, with technology one of the grand trends shaping its future.
21 July 2022
Consumers are hybrid hunting bargains and more ESG minded The shopping behaviour of consumers in the Middle East is undergoing major change, with many of these changes likely to stick around for good, according to a new report by PwC.
17 May 2022
Holy month of Ramadan to drive $6.2 billion e-commerce feast in MENA The holy month of Ramadan began this weekend, a period of togetherness and joy for Muslims all over the world.
04 April 2022
Spending on (premium) skin care products in UAE above $300 million UAE’s skin care market is expected to ride growing demand in the coming years to inch closer to the $350 million barrier by 2025, according to a new research by Glasgow Consulting Group.
23 March 2022
Makram Debbas and Sami Darouni on navigating the future of retail As consumers change, GCC retailers must do more than keep pace.
22 March 2022
Saudi Arabia’s e-commerce market to hit SAR 50 billion by 2025 Saudi Arabia’s e-commerce market has witnessed rapid growth in recent years, with sales increasing by more than 30 percent on average annually, according to a report by Boston Consulting Group and Me
02 March 2022
Saudi and UAE lead in Kearney’s emerging markets retail index Global management consulting firm Kearney has released the latest edition of its Global Retail Development Index, a bi-annual study into the market attractiveness and maturity of retail markets in em
03 January 2022
Cost pressures and inflation to lift prices of consumer products The prices of consumer products are expected to rise significantly next year, according to a new study by AlixPartners.
28 December 2021
7 charts on Black Friday trends in the Middle East and North Africa The 2021 edition of Black Friday is – as anticipated – the largest ever in the Middle East. Seven charts on key consumer trends.
07 December 2021
Saudi and UAE shoppers among biggest Black Friday spenders Consumers in Saudi Arabia and the United Arab Emirates (UAE) are forecasted to be among the biggest spenders during this year’s Black Friday feast – one of the largest shopping extravaganzas on the p
26 November 2021

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