E-commerce photo
The COVID-19 pandemic has impacted retail in an unprecedented manner, as it continues to dominate global headlines. It has ushered in unfathomable changes to the way people eat, live, work, shop and play, indicates a survey conducted by Colliers International.
The survey was conducted to offer real data concerning the impact of COVID-19 on the retail industry in the Middle East and how both landlords and retailers are coping.
Also read: Examining retail recovery
According to the survey, “Retailers physical store revenue impact is estimated to be hit harder than landlords retail asset revenue for Q1 and Q2 2020.” But, “landlord and retailer expectations of support packages are not aligned.” Having said that, “There is a much greater alignment from landlords and retailers on recovery expectations, the reduction in physical space requirements and structural lease changes.”
On the other hand, “Retailers have seen incredible growth in online sales in Q1 2020 and they expect this growth to continue in Q2 2020.”
The survey also indicates that, “Both retailers and landlords look at the same countermeasures to minimise the impact of the pandemic to their business, including increasing their online presence, increasing sanitisation measures, temperature checks, social distancing policies and food and beverage delivery from physical restaurants.”
For all the latest retail news from the Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.
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 / 
The Ministry of Industry and Advanced Technology (MoIAT) in cooperation with Lulu
What does it take to sustain profitable growth in the post-IPO phase?
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 Dubai Duty Free (DDF) has recorded sales of $1.94 billion up
In an era where digital transformation is pivotal, shopping malls are not
Saudi Arabia’s retail sector is rapidly transforming under Vision 2030. E-commerce, brick-and-mortar
This panel discussion at MRF 2024 explored the evolution of retail spaces,
At the heart of retail lies the consumer, Deloitte pointed out while
The GCC retail industry is projected to grow at a compound annual
An exclusive piece contributed By Oliver Morgan, Partner, Real Estate Development &
In the bustling retail environments, where shopping malls are not just places
In what comes as a significant announcement, Middle East based eyewear majors
Previous Article
