"Mixed Retailers in the United Arab Emirates" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Mon May 02 2016

The United Arab Emirates economy improved substantially towards the end of the review period as consumer confidence returned and inbound tourism rose once again. The rise in inbound tourism flows, especially from Russia and China, boosted shopping in luxury mixed retail outlets, such as Al Tayer Groupís Harvey Nichols and Bloomingdales department stores. Furthermore, the United Arab Emiratesí real estate market continues to boom, with employment levels rising due to the increasing numbers of job opportunities that are emerging. In addition, the number of people coming to live in the country from other Arab countries, in which political and social unrest has made life difficult, also bolstered demand for a wide range of goods towards the end of the review period, boosting retail spending in general. Moreover, the proliferation of new shopping centres in the country and the strong growth being recorded in the numbers of store-based retail outlets are reflections of the growing demand for a wide variety of products and services among residents of and visitors to the United Arab Emirates. All of these factors benefited mixed retailers as department stores, in particular, offer a very wide variety of products.

Full Report Details at
- http://www.fastmr.com/prod/1133390_mixed_retailers_united_arab.aspx?afid=302

Competitive Landscape

Paris Gallery maintained its leading position in mixed retailers in 2015 with a 24% value share, followed by M H Alshaya with 9%. This was mainly due to its upmarket positioning and strong focus on high-end beauty and personal care brands, which are mainly purchased by tourists. Paris Gallery offers over 500 international brands across several consumer goods industries and categories including fragrances, cosmetics, bath and shower, jewellery, clothing accessories, small leather goods, eyewear and ladiesí footwear. The chained retailer is also present in all of the leading shopping centres in the United Arab Emirates. Second-placed M H Alshaya offers a wide range of products, with the increasing popularity of Debenhams among affluent consumers boosting the companyís position in 2015.

Industry Prospects

Mixed retailers is expected to increase at a CAGR of 3% in value sales at constant 2015 prices, which will be on a par with the review period. Value growth during the forecast period will mainly come from the emergence of new department stores under new brands, the growing number of high-income consumers moving to the country and consistent increases in the number of affluent Russian and Chinese tourists visiting on luxury shopping trips. Furthermore, the opening of several new shopping centres in Abu Dhabi and Dubai during the forecast period will provide an opportunity for major department stores to boost their sales. Moreover, the Expo 2020 in Dubai will also have a positive impact on this channel bringing even more tourists to the country.

Report Overview

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