Black Friday sales in the UAE will go live on November 24, 2023
retail trends
Latest in retail trends
Retail
Saudi spending tops $3.4bn in single week
Saudi Arabia’s central bank reveals massive national spending on fashion and food
Chalhoub Group
EXCLUSIVE: Chalhoub plots Saudi expansion with new Jeddah Airport operations
Expansion is in sight for the retail giant in Saudi and USA
online marketplace
Revealed: MENA leads online marketplace orders globally with over $25bn in 2022
Fashion category led the spike in online sales in the region last year, followed by electronics and household goods
De Grisogono
Why is the UAE so influential when it comes to global luxury retail trends?
For decades, the UAE has helped to shape luxury retail trends on the world stage
luxury brands
Dubai and Riyadh top luxury retail growth in 2023
Dubai’s focus on luxury retail key to Middle East sector growth
B2B e-Commerce
Middle East business e-commerce to explode in value, hit $3bn by 2025
The huge growth potential of the sector has caught the attention of investors, with the B2B market in the Middle East already getting close to $500 million in funding in the last two years
credit card cash back
UAE shoppers score AED500mn windfall with year-end discounts, cashback: Report
The end-of-year shopping season is expected to bring $350 billion in global online sales
AD Ports
Alabbar says Noon’s massive fulfilment centre in Abu Dhabi will be a ‘change agent’
KEZAD Group designing and constructing a 252,000 square metre fulfilment centre – largest in the UAE – for the region’s biggest online shopping company
Amazon
LuLu, Amazon announce major new online grocery store in UAE
Customers in the UAE will now be able to buy daily essentials and other grocery items from LuLu via Amazon
Black Friday
Black Friday sales: Experts warn of scams, everything you need to know
With week-long sales taking place all over the UAE, experts warn shoppers to keep an eye out for phishing campaigns
Black Friday
Black Friday: The dark history behind the world’s biggest shopping season
The term ‘Black Friday’ went through constant evolution of meaning, before it became known as a day of shopping for discounted rates
Amazon
UAE ‘Singles Day’ triggers sales surge for clothing, cosmetics: Report
The early discounted sales season – ahead of Black Friday – posted close to 33 percent jump in online purchases this year
Black Friday
Qatar World Cup season, Black Friday discount sales predicted to mop up $70 billion revenue for MENA retail sector
Aside from retail, a latest market report also projected that the World Cup soccer period to generate a $4 billion opportunity through tourist spends, with 51 percent of it coming from spending on accommodation
Fashion
Fast fashion company SHEIN to open its first retail store in the world
The store will be be located in Tokyo’s Cat Street
Black Friday
UAE, Saudi Arabia, Egypt show higher interest in Black Friday compared to US, UK, Brazil: Report
Study shows 55 percent begin searching for products prior to actual sales dates
Dubai
UAE e-commerce market to reach $9.2bn by 2026
Online shopping sales reached $4.8bn last year as Covid drives e-commerce sites in the UAE