PROSPECTS AND OPPORTUNITIES
Department stores set to reinvent selling space in local market
The outlook for department stores over the forecast period is positive, with the channel expected to benefit from improving economic conditions, thereby boosting spending confidence across income groups, in addition to strong expenditure by inbound arrivals. Department stores will also benefit from the expansion of shopping centres in peripheral areas, providing greater room for emerging players.
Sustainable offerings likely to reshape variety stores
Sales via variety stores are expected to continue expanding over the forecast period, mainly supported by the further rise in the number of outlets, demand from price-sensitive consumers, and diversified offerings. The convenience of finding diverse product categories such as groceries, homewares, stationery, and toys in a single store makes these outlets enjoyable for consumers to visit.
Differentiation will be increasingly important to gain a competitive edge
The forecast period will likely be marked by intensified competition between local and international players as an increasing number of investors consider the United Arab Emirates as a viable market when looking to expand their activities. The trend will be reinforced by the rapid expansion of local operators over the review period, which improved their market penetration compared to international brands.
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Overview:
Understand the latest market trends and future growth opportunities for the General Merchandise Stores industry in United Arab Emirates 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 United Arab Emirates, 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 United Arab Emirates 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 United Arab Emirates?
- Which are the leading retailers in General Merchandise Stores in United Arab Emirates?
- 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 the United Arab Emirates - Category analysis
KEY DATA FINDINGS
Department stores impacted by intensified competition with marketplaces
Variety stores continues to rise, supported by demand for value propositions
Landmark Group leads general merchandise stores
Department stores set to reinvent selling space in local market
Sustainable offerings likely to reshape variety stores
Differentiation will be increasingly important to gain a competitive edge
Retail in the United Arab Emirates - Industry Overview
Retail in 2024: The big picture
Higher polarisation with premiumisation rising while consumers remain under pressure
More strategic partnerships form as competition intensifies
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Dubai Shopping Festival (“DSF”)
Dubai Summer Surprises (“DSS”)
Back to School
Super Sales
White Friday
APPENDIX
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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