The year 2016 sprang two surprises globally. The first was Brexit. Even before the world could assess its fallout, Donald Trump scored an unanticipated win in the US presidential election. Uncertainty looms over Eurozone, raising multiple questions that may not have satisfying answers, while unpredictability is the American flavour that could impact the rest of the world…
Lawrence Pinto analyses the various forecasts
For 2017, analysts see retail and food services sales rising 3.7%, slightly lower than in 2016. Most sectors are expected to see as good or better sales growth during the year, though previously strong motor vehicle and restaurant sales may slow down. Trump’s potential tax cuts, combined with predicted wage growth, could see consumer spending getting a boost through 2017.
Closer home, the Gulf Cooperation Council (GCC) countries – Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Oman – have been experiencing subdued growth as low oil prices reduce government spending and depress business confidence, the domino effect impacting consumer spending and retail sales across the region.
The full report is available in the January 2017 edition of RetailME
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha B / 
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
The regional grocery retail market is becoming more and more diverse, offering
Spinneys, the leading premium fresh food retailer, has announced the opening of
Spinneys has announced the launch of The Kitchen by Spinneys, its first-ever
/ 
An exclusive piece contributed By Oliver Morgan, Partner, Real Estate Development &
In what comes as a significant announcement, Middle East based eyewear majors
Emirati Gen Z women are seeking collaborative, culturally diverse and creatively enriching
The UAE, particularly Dubai, is a melting pot of cultures. However, introducing
More and more, convenience is king, personalisation is paramount, and RetailGPT is
GMG’s Everyday Goods – Retail division celebrates expansion milestone hitting 60 stores
Among several others, three key factors have fuelled the growth of homegrown
Empowering women, transforming communities: The rise of female-led businesses in Times Square Center
In its central Dubai location, Times Square Center stands not just as
One of UAE’s leading fresh food retailers, Spinneys has announced its intention
Acting as a bridge between Brazil and GCC markets offering a compelling
Previous Article
