Pursue the right opportunities to drive success


February 24, 2016 | By RetailME Bureau

Retail in the Middle East is a lucrative business because visiting shopping malls is integral to the social landscape of the region today. It’s also highly competitive. Families visit malls for recreation, socialising …and shopping, the reigning parad igm being ‘retailtainment’, with parents browsing stores and socialising while their children spend time in the ‘edutainment’ components that malls routinely offer today.

But any retailer worth his salt will tell you ‘retail is detail’, which means it’s all about concentrating on the details if retail is to be profitable. That’s been a key learning in our journey in retail, which began 25 years ago in 1990 with a single menswear store in Saudi Arabia.

Given the steady influx of best-in-class brands in world-class malls, which is driving discretionary spending, retail is, indeed, a strong economic performer and lucrative business proposition.

Dr Abdul Majeed Alhokair is president retail – Fawaz A Alhokair & Co

To read more, get your copy of Vision & Views

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /


Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau
Koita

Homegrown, organic and plant milk company, Koita has announced its expansion into 

Continue Reading

December 9, 2020 | By RetailME Bureau
Middle East's vegan revolution

Today’s on-demand streaming services are ripe with docu-series and explainer videos on 

Continue Reading

December 3, 2020 | By Shruthi Nair




Download Images RetailME Magazine