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Market Snapshots

Apparel Group opened 26 stores in March

April 17, 2023
This March, UAE-based retail conglomerate Apparel Group opened 26 new stores across the UAE, Saudi Arabia, Qatar and India as part of its robust expansion strategy. Store openings in the…
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retail
Market Snapshots News
retail

VR and digital payments to transform GCC’s retail sector

March 22, 2023
The Middle East’s e-commerce market will grow by 12.58 per cent on an annual basis to reach $116.8 billion this year, a study by Business Wire found. “The B2C e-commerce…
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e-commerce
Market Snapshots News
e-commerce

Saudi Arabia’s e-commerce market to hit $20 billion in 2027

March 20, 2023
Saudi Arabia’s e-commerce industry will expand at a compound annual growth rate of 20.9 per cent within the next four years, market intelligence company Renub Research said. The kingdom’s online…
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promotions
Market Snapshots News
promotions

‘Brands that run fewer promotions generate higher revenue’: GfK retail head

March 20, 2023
With Ramadan around the corner, retailers in the UAE are heading for a festive season with price promotions. Union Coop, LuLu Hypermarket and Carrefour have all announced deals and promotions…
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social commerce
Market Snapshots News
social commerce

UAE social commerce industry to grow by 22 per cent, says report

March 20, 2023
The UAE’s social commerce industry is set to increase by 21.6 per cent this year, market intelligence company Research And Markets said. Social commerce is the use of social media…
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report
Market Snapshots News
report

Spending in fashion retail up 25 per cent, says report

March 17, 2023
Consumer spending in the UAE was up 19 per cent last year compared to 2021, says Majid Al Futtaim. The data was revealed on Friday in its ‘State of the…
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e-commerce
Market Snapshots News
e-commerce

Four payment trends the Mena e-commerce industry is adapting

March 14, 2023
Mena general manager for Checkout.com Remo Giovanni-Abbondandolo on Tuesday highlighted four trends that e-commerce in the region is undergoing, at The Retail Summit in Dubai. The event is taking place…
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Ramadan
Market Snapshots News
Ramadan

Traditional retailers get a big slice of the UAE e-commerce market 

March 13, 2023
In the UAE, e-commerce has been continuously growing and is expected to reach a compound annual growth rate of 8.6 per cent from 2023 to 2027. This will result in…
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Majid Al Futtaim
Market Snapshots News
Majid Al Futtaim

Where in the GCC are we shopping less but spending more?

March 10, 2023
People in the UAE are shopping less often but spending more, a report by Kantar said. Kantar is a data analytics and brand consulting company based in London. Data from…
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personalisation
Market Snapshots News
personalisation

MoEngage says email personalisation is the need of the hour

February 8, 2023
MoEngage, a customer engagement platform, has released a “State of Personalisation Report” covering how retail brands in the Middle East and Africa can use the power of personalisation in their…
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  • Summit Dubai to host e-commerce conference posted on February 28, 2023
  • The Retail Summit The Retail Summit kicks off in Dubai posted on March 14, 2023

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