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Retail news in the Middle East | Page 2

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

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
Consumers are spending more, but their mix is changing for good Consumer spending in both the UAE and Saudi Arabia is on the rise again, as consumers regain faith in the economy’s re-opening and rebound.
23 November 2021
L'Oréal selects Accenture for data-driven marketing transformation International beauty group L'Oréal has selected Accenture as its partner of choice for a consumer experience overhaul in the region – underpinned by cutting-edge technology.
22 November 2021
Kuwait's beauty and personal care industry set for rebound After a substantial hit from the Covid-19 pandemic, Kuwait’s beauty and personal care industry is set for a steady rebound in the next few years, with the potential of reaching 47 million KWD by 2025
19 August 2021
The changing consumer shopping habits in Saudi Arabia Consumers in Saudi Arabia remain cautious in their spending, although hints of more activity might be around the corner.
03 August 2021
Shifts in UAE consumer behaviour are here to stay The Covid-19 cloud still lingers above consumers in the UAE: A new Kearney study reveals that spending remains cautious while a sustainable shift to online shopping is expected.
12 July 2021
M&A advisors help The Luxury Closet raise $14 million capital Dubai-based second-hand fashion trailblazer The Luxury Closet is set to embark on a global expansion drive – now equipped with $14 million in Series D funding.
05 July 2021
Engineering consultancy enlisted for Mall of Saudi development AECOM has been awarded a four-year contract by UAE-based retail firm Majid Al Futtaim.
30 June 2021
Dogma Alares helps home retailer enhance its customer service Strategy and design consultancy Dogma Alares has helped retail company Karaca ramp up its online customer experience to meet current trends – successfully cutting 30% of the latter’s customer complai
07 June 2021
Retailers prepare for record online sales during Ramadan Today Ramadan kicks off, and retailers are set to benefit from the festive optimism unfolding across the UAE and Saudi Arabia.
13 April 2021
8 charts on UAE's shifting consumer behaviour landscape Global consultancy McKinsey & Company has surveyed over 500 consumers in the United Arab Emirates to gain insight into the current state of consumer sentiment.
06 April 2021

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