Coach announces expansion in the Middle East

October 5, 2015 | By RetailME Bureau

American brand Coach will open more stores and renovate the existing ones in the Middle East in the financial year ending June 2016. On the hand, it has decided to close down weaker stores in North America.

According to Coach president Giorgio Sarne, the brand has plans to open five new locations in the region, said, in an interview on Thursday. It already has over 20 stores in the region across the UAE, including Dubai and Abu Dhabi; Saudi Arabia; Bahrain; and Kuwait.

Dubai is Coach’s biggest market in the Middle East. It already has four stores here including at The Dubai Mall and Mall of the Emirates, and plans to open three more in 2015. Coach will also open a second location in Bahrain by mid-2016.

“Middle East is a promising market. We expect higher sales in the region in the next two years. So we’re investing a lot here,” shares Sarne. “For example, our UAE stores attracting an equal split of residents and tourists didn’t see any impact in changes in the tourist flow.” This despite the fact that the growth of the luxury retail market in the UAE has slowed down this year due to decline in spending by Russian and European tourists owing to the weaker rouble and euro.

Further Coach will also renovate its existing outlets in the region. In the UAE, it has already unveiled the new concept at The Dubai Mall outlet. “It’s a warmer expression of what the brand is; it’s a concept inspired by New York,” Sarne explains. By early 2017, all Coach stores in the country will imbibe the new concept.



Previous Article Next Article



Carrefour onboards female-led start-up The Zola Collective

Carrefour, which is owned and operated by Majid Al Futtaim in the 

Continue Reading

January 31, 2023 | By RetailME Bureau
A new branch of Waitrose comes up in Abu Dhabi’s Khalifa City

British grocer Waitrose has opened its newest store in Abu Dhabi’s Khalifa 

Continue Reading

January 25, 2023 | By RetailME Bureau
Its Netherlands Food Week at Al Maya Supermarkets

UAE-based Al Maya Supermarkets has kicked off its ‘Netherlands Food Week’ that 

Continue Reading

January 20, 2023 | By RetailME Bureau
Tesco announces price lock to support consumers amid inflation (PC: Andrew Parsons / Parsons Media)

British grocery retail chain Tesco has announced a price lock on over 

Continue Reading

January 13, 2023 | By RetailME Bureau
Union Coop renews ISO certification

Dubai-based grocery retailer Union Coop has successfully obtained the ISO 22301, an 

Continue Reading

January 12, 2023 | By RetailME Bureau
Spanish supermarket chain Mercadona announces salary increase amid inflation (PC: Mercadona)

Spanish omnichannel supermarket chain Mercadona has announced salary increase amid inflation that 

Continue Reading

January 3, 2023 | By RetailME Bureau
Choithrams partners with Rove Hotels to open 8 new outlets

Grocery retail chain Choithrams will open eight convenience stores across Rove Hotels’ 

Continue Reading

December 30, 2022 | By RetailME Bureau
Géant to open more than 20 stores in the UAE in 2023

Part of regional retail conglomerate GMG, Géant plans to open more than 

Continue Reading

December 23, 2022 | By RetailME Bureau
FMCG online sales growing by 68% in UAE and 58% in KSA

Online share in FMCG sales has been growing all over the world, 

Continue Reading

December 19, 2022 | By RetailME Bureau
Majid Al Futtaim Retail, Standard Chartered launch region’s first Sustainable Supply Chain Finance Programme

Majid Al Futtaim Retail, operator of the Carrefour franchise in the Middle 

Continue Reading

December 15, 2022 | By RetailME Bureau
GMG and Silal partner to support 1,100 UAE farms access local retail market

UAE-based diversified conglomerate GMG and Silal have signed a memorandum of understanding 

Continue Reading

December 12, 2022 | By RetailME Bureau
Lulu Group partners with Amazon expanding grocery offerings to online customers in the UAE

Abu Dhabi based grocery retail chain Lulu Group has partnered with Amazon 

Continue Reading

November 24, 2022 | By RetailME Bureau

Download Images RetailME Magazine