PROSPECTS AND OPPORTUNITIES
Department stores set to benefit from economic growth
Department stores in Saudi Arabia are expected to experience steady growth over the forecast period, driven by economic initiatives such as Vision 2030. This growth will be supported by rising consumer confidence, the expansion of shopping centres, and broader distribution through a rise in the number of outlets.
Variety stores to benefit from rising demand for value propositions
Variety stores are expected to remain significant players in the retail landscape, but their future success will depend on their ability to evolve and offer diverse, budget-friendly products. With increasing consumer interest in innovative and unique items, these stores may need to focus on offering differentiated assortments while competing with online platforms for price-conscious shoppers.
Higher tourism footfall likely to boost sales in general merchandise stores
Saudi Arabia’s retail industry is thriving amid a growing consumer base and rising disposable income. The country has been actively working towards diversifying its economy and reducing its dependence on oil, which has led to the development of various projects including many large retail initiatives.
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Overview:
Understand the latest market trends and future growth opportunities for the General Merchandise Stores industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the General Merchandise Stores industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The General Merchandise Stores in Saudi Arabia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of General Merchandise Stores in Saudi Arabia?
- Which are the leading retailers in General Merchandise Stores in Saudi Arabia?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
General Merchandise Stores in Saudi Arabia - Category analysis
KEY DATA FINDINGS
Mixed performance for general merchandising stores
Centrepoint maintains its lead as it expands outlets
Social media aids in encouraging new sales for the channel while thriving tourism industry brings new shoppers to the Kingdom
Department stores set to benefit from economic growth
Variety stores to benefit from rising demand for value propositions
Higher tourism footfall likely to boost sales in general merchandise stores
Retail in Saudi Arabia - Industry Overview
Retail in 2024: The big picture
Mergers and acquisitions reshape the competitive landscape
Retail e-commerce is developing at considerable speed
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Ramadan and Eid-al Fitr
National day
Back to school
White Friday
DISCLAIMER
The following categories and subcategories are included:
General Merchandise Stores
- Department Stores
- Variety Stores
General Merchandise Stores
The aggregation of department stores and variety stores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our General Merchandise Stores research and analysis database.
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