Online Retail

Kuwait Luxury Retail – Evolving amid COVID-19

Kuwait boasts the presence of several major luxury brands such as Prada, Gucci, Louis Vuitton and Chaumet, Bottega Veneta etc. Ranking 13th in the world in terms of per capita GDP, its affluent and brand conscious population, young demography, and a growing population position Kuwait’s luxury retail market favorably. A dedicated luxury retail district in The Avenues, the largest mall in Kuwait, homegrown luxury brands like K7L and e-commerce players such as Chic Kuwait further highlight the uptake of luxury...

GCC retail sector in the post-covid world: Bound for a “K” shaped recovery

The pandemic has changed the lives of billions of global citizens. Businesses have been forced to adopt new ways of functioning. The post pandemic world is expected to be never like before and experts have christened it as the “new-normal”. The GCC retail sector is no exemption to this. Being one of the region’s important sector for the economy, the retail sector has witnessed one of its worst performance in 2020. GCC retail sector, unlike in other regions, is not...

Sectors with high E-commerce potential

Sectors with high E-commerce potential People in Dubai and Saudi Arabia love to shop in malls. Dubai has two shopping festivals in a year and the number of malls in GCC is growing, as more companies prefer brick and mortar stores. In the GCC, e-commerce is still at its nascent stage. According to BQ Doha, while 90% of global e-commerce sales come from Asia-Pacific, North America and Western Europe; while GCC accounts for a mere 2% of total retail sales....