LMRC Market Watch
Centrepoint launches new collections, products in Dubai
Oct 7, 2015 ٍSource: Saudi Gazztte N.1114
DUBAI — Centrepoint, the region’s largest retailer, has launched here the new winter collection as well as small collection for Eid in the whole Gulf area on Sunday.
Speaking to Saudi Gazette, Ruban Shanmugarajah, general manager of babyshop in Dubai, said that they have a new small collection for boys and girls for Eid that will last until the end of September.
Visa Releases Ramadan & Eid Spend Report 2015
Oct 5 2015, 2015 ٍSource: Zawya N.1111
Manama has been ranked fifth among the top 10 destinations within the Organisation of Islamic Cooperation (OIC) for Muslims to travel to for shopping purposes, according to a new report.
About 6 in 10 UAE residents visit a mall at least once a week
Oct 4 2015 ٍSource: Gulf News N.1110
Most avid mall-goers are Emiratis who visit a mall more than 5 times weekly; average spend per visit: Dh100-Dh500
Retail sales index sees slight rise in first half
Oct 2, 2015 ٍSource: Zawya N.1109
BEIRUT: The retail sales index in Lebanon improved slightly in the first six months of 2015 compared to the same period of 2014, but merchants insist the consumption trend over the past few years have not very encouraging. Details of the index were disclosed during a conference at Beirut Chambers of Commerce and attended by leading businessmen and traders.
Men are from Twitter, women are from Pinterest
Sep 28, 2015 ٍSource: Kaleej Times N.1035
WOMEN HAVE historically been more avid users of social media than men. Across most social media platforms - including the biggest Facebook - number of women users have been more than the number of male users. In fact, in November 2010, the gender gap was as large as 15 percentage points. More recent data,,,,,,,
UAE dominates Smartphone commerce industry
Sep 20, 2015 ٍSource: Kipp Report N.1027
The UAE, China and Turkey “dominate the Smartphone commerce” industry, according to research by PayPal and Ipsos, released earlier this year.
The research reveals that, on average, Emirati online shoppers attribute 24 per cent of their online spend to Smartphone purchases, followed by their Chinese counterparts at 21 per cent and Turkish consumers at 19 per cent.
Home Centre to invest Dh1 billion to boost presence in Mena, Asia
Sep 17, 2015 ٍSource: Kaleej Times N.1026
Home Centre plans to invest more than Dh1 billion over the next five years to strengthen its presence across the Middle East, North Africa and Asia, its top official says.
Mederic Payne, chief executive officer of the largest home retailer in the Middle East, said 50 new stores will be launched by 2020 to expand the brand in the region.
Target unveils major store initiative to enhance shopper experience
Sep 16, 2015 ٍSource: CSA N.1025
The initiative, called LA25, will be rolled out in 25 Target stores in Los Angeles. It involves everything from more helpful store signage and more modern fixtures to the exploration of RFID technology to help store associates track down missing products. The first wave of stores will be updated in the coming weeks, with a second batch getting a makeover in spring 2016.
Gulf business leaders celebrate at CEO Middle East Awards
Sep 16, 2015 ٍSource: Business.com N.1025
The Gulf’s top executives turned out in force for the CEO Middle East Awards, which were held at the InterContinental Dubai Festival City yesterday evening.
Among the evening’s big winners were Omar Alghanim, the CEO of Alghanim Industries and chairman of Gulf Bank, who picked up the Visionary of the Year Award.
Retailers must chart course through troubled waters
Sep 14, 2015 ٍSource: Gulf News N.1010
Passage of UAE Bankruptcy Law should give them some manoeuvring space
Recent headlines highlighted the financial woes of a leading jeweller in Dubai who has fallen on bad times.
Dubai wins bid to host 10th World Retail Congress
Sep 12, 2015 ٍSource: Zawya N.1008
Al Ghurair: Winning the bid for hosting the Congress reflects on the tireless efforts of our leaders to enhance Dubai's global status
as a leading retail destination in the world
Middle East's Leading Retailers discuss fate of the Industry in Dubai this September
Sep 10, 2015 ٍSource: Zawya N.1084
rom the 14-15th September, the 5th InRetail Summit: United Arab Emirates will attract the who's who from the fastest growing retail industry in the Middle East. Each year retailers, mall owners and solution providers meet at the Address Hotel Dubai Marina to discuss and debate new opportunities,,,,
Dubai welcomes 260,000 medical tourists in first half of 2015
Sep 6, 2015 ٍSource: Gulf News N.1003
Fatma Al Sharaf delivers a speech yesterday at the World Health Tourism Congress at the Shaikh Mohammad Bin Rashid Academic Medical Centre, Health Care City in Dubai.
Dubai: Dubai attracted 260,000 medical tourists in the first half of 2015, up 12 per cent from the same period a year ago, according to a Dubai Health Authority (DHA) official.
Jumeirah Group UAE's third most influential brand
Sep 3, 2015 ٍSource: Zawya N.1002
Jumeirah Group, Emaar and Damac are among the 10 most influential brands in the UAE, according to rankings released by professional network LinkedIn.
Based on engagement among its 313 million user base, the rankings are calculated by evaluating the communication and activities of the brand on LinkedIn.
Marka picks up rights to Australian fashion label
Sep 1, 2015 ٍSource: Zawya N.1001
Stores will open in Mall of the Emirates, City Centre Mirdif and The Dubai Mall
Dubai: Majid Al Futtaim (MAF), a Dubai-based retail and hospitality conglomerate, plans to bring Lego certified stores to Dubai for the first time.
Dubai Duty Free to reap DSS rewards as travellers increase
Aug 27, 2015 ٍSource: Kaleej Times N.835
Stores will open in Mall of the Emirates, City Centre Mirdif and The Dubai Mall
Dubai: Majid Al Futtaim (MAF), a Dubai-based retail and hospitality conglomerate, plans to bring Lego certified stores to Dubai for the first time.
Lego certified stores coming to Dubai
Aug 26, 2015 ٍSource: Gulf News N.832
Stores will open in Mall of the Emirates, City Centre Mirdif and The Dubai Mall
Dubai: Majid Al Futtaim (MAF), a Dubai-based retail and hospitality conglomerate, plans to bring Lego certified stores to Dubai for the first time.
Back-to-school: Don't fall for pester power
Aug 26, 2015
Parents advised to budget expenses and buy only what is needed at back-to-school promotions.
The roads in Dubai could be less crowded now but this is not the case at shopping malls and department stores. Clothes shops and stationery stores are packed with parents flocking to buy what their children require when they head back to school early next week.
Jones the Grocer to expand worldwide
Aug 25, 2015
Plans to expand footprint in GCC, wider Middle East, CIS, Africa, Pakistan and Sri Lanka
Dubai: Jones the Grocer’s UAE operations have signed a franchise deal with the company’s global intellectual property arm to grow the brand’s presence globally, according to a statement on Tuesday.
Dubai retailers record growth in first two weeks of DSS
Aug 13, 2015 Source: 24/7 Emirates Business N.818
The Dubai Summer Surprises (DSS), now in its 18th edition, has once again proven to be an important catalyst for economic activity in the emirate with the first two weeks of the annual summer extravaganza boosting business across various sectors such as retail, hospitality, airlines and financial services.
Huge profit gains for Bahrain Duty Free
Aug 13, 2015
Bahrain Duty Free’s profit in the first half of 2015 reached $13.8m according to Bahrain Duty Free Shop Complex (BDFSC), which announced its financial results yesterday.
For the second quarter, ended June 30 2015, the company achieved a net profit of US$7,624,432 an increase of 70.2% compared to the same quarter last year.
Bebe to focus on Saudi, Qatar expansion
Aug12, 2015
Middle East expected to account for around 12% of Bebe’s total sales this year
Dubai: US-based women’s apparel brand Bebe will focus on expanding in Saudi Arabia and Qatar in the Middle East and looks to enter Iran once economic sanctions imposed on the country are lifted, according to a top company executive.
UAE retail sales to reach Dh151 billion this year
Aug 7, 2015
According to the Retail Operations Index by construction consultancy Arcadis, the UAE is the eighth-most popular global location among international retailers.
Retail sales in the UAE are set to grow by 32.9 per cent from Dh114 billion in 2011 to Dh151 billion in 2015, a recent report by Business Monitor International forecasts.
Marka posts Dh2.14m net loss for the second quarter
Aug 6, 2015
Retailer aims to enter profitability in 2016
Dubai: The Dubai-listed retailer Marka posted a net loss of Dh2.14 million for the second quarter of 2015 from Dh8.37 million during the first quarter, it said in a statement on Thursday.
Oracle Retail’s Merchandising solutions make Charming Charlie highly efficient
Aug 3, 2015
When consumer demand for the latest trends surges, fashion retailers must move quickly to engage with shoppers and ensure they have the right product mix on the shelves.
Slump in Russian tourists slows down Dubai luxury retail sector
Aug 3, 2015
With fewer tourists visiting Dubai from Russia and Europe, retailers have witnessed a slowdown in sales
Dubai: With fewer tourists visiting Dubai from Russia and Europe, retailers have witnessed a slowdown in sales, particularly in the luxury end of the market.
UAE Q2 job growth slows as oil prices plummet
Aug 3, 2015
Recruitment activity in the United Arab Emirates during Q2 2015 slipped by one per cent from the previous quarter, a new study found
The ongoing oil price volatility has dampened hiring in the United Arab Emirates, leading to a quarter on quarter drop in jobs available, a new report has found.
What will turn UAE job market around
Aug 2, 2015
Hiring activity slowed down in second quarter but will post 5% to 10% growth during the rest of the year
Dubai: Despite the decline in hiring activity, more jobs will be up for grabs in the UAE during the rest of the year because new investments are expected to come into the market,,,,
Marka sees potential for three more Modell’s stores in the UAE – CEO
Aug 1, 2015
Marka recently bought Retailcorp, which owns Modell’s, from state-owned conglomerate Dubai World for $60m
Dubai-based retail and hospitality firm Marka sees the potential for more stores under the Modell’s brand in the United Arab Emirates,,,,,
Dubai's luxury retail sector hit by Russian stayaways in Q2
Aug 1, 2015
The decline in Russian tourists visiting Dubai has led to a slowdown in luxury retail sales in the emirate during the second quarter of 2015, according to new research.
JLL said in a report that Dubai's retail market remained largely stable during Q2, as no new deliveries occurred.
Previous posts
DOP: Oct 6 ,2015 Source: Gulf News N.1113
DOP: Sep 20 ,2015 Source: Muscat Daily N.1028
DOP: Sep 10 ,2015 Source: Zawya N.1007
DOP: Sep 10 ,2015 Source: Zawya N.1006
DOP: Aug 9,2015 Source: csa N.1083
DOP: Aug 25,2015 Source: Gulf New N.831
