UAE online retail sales on an upward curve


December 15, 2014 | By RetailME Bureau

E-commerce across the UAE took a huge jump this year, with online retail sales from mobile devices jumping 170% compared with last year, says Euromonitor International attributing the increase down to a need for convenience and UAE consumers realising the purchasing power of their phones.

“Internet retailing saw a boom growing by 41% on an annual basis,” says Nikola Kosutic, the research manager for Euromonitor International. According to her, retail sales through mobile devices reached Dh400 million as more international brands focused on the UAE, offering easier checkout and shipping options. Kosutic also noted that Chinese e-commerce site Alibaba hoped to build a hub in the Emirates.

The interest of global players has not been lost on local retailers. Jumbo Electronics recently invested $1 million into its e-retail business. The growing popularity of internet retail was also highlighted last month by Souq.com’s ‘White Friday’ event, an equivalent of Black Friday sales in the US. However, the online shift doesn’t imply that local retailers will cut back on brick-and-mortar operations.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
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




Download Images RetailME Magazine