IMAGES RetailME ’s Post

Saudi Arabia's fashion industry currently accounts for 1.4% of its GDP, with fashion sales in the Kingdom expected to surge by 48% between 2021 to 2025. Our Research Analyst, Letitia Jiju, discusses how changing consumer preferences, evolving retail landscapes and a growing population is benefiting UK fashion brands. Read full article here: https://lnkd.in/e4DDy5Yx Joe Hepworth Dr. Gus Garita Nitin Antony Fatoumata Tall Tristan H. Maciej Baranski Abbey Salako MCIM, CMktr OCO Global Department for Business and Trade British Chamber of Commerce Dubai (BCCD) UAE-UK Business Council #saudiarabia #saudi #ksa #fashion #retail #marketentry #export #trade #internationaltrade #businessopportunities #marketexpansion

Q1 export data showed a relevant increase in the Made in Italy 🇮🇹 exports to the UAE 🇦🇪 with several industry verticals outpacing the average growth. A perfect match with the Italian excellence four Fs (food, fashion, furniture, factory #tech). Furniture 🛋️ and home #design have seen a +18% Q1 increase in 2024 after a great performance last year, while #fashion 👗👠 products are boosted by a +53% Q1. A great signal for our companies while waiting for the 2024 Dubai Fashion Week and more opportunities in this thriving #UAE market.

When people ask me about predictions, I always disappoint them. I don't know what's going to happen 🤷♀️ Anyone who tells you differently is trying to scam you. What we can do, however, is look at what's happening right in front of us. And the data is clear... ♻️ Pre-loved & (branded) resale are a KEY TREND in fashion. Last year, secondhand grew 3x faster than the firsthand market... According to ThredUp, resale grew 15x faster than the overall apparel industry and will more than double by 2028. 🚀 Online resale will account for 50% of all secondhand spend by 2025. So far, close to 200 brands have launched their branded resale. At Chalhoub Group, we've been on the circular bandwagon for a while. 👜 At the end of 2022, we launched Level Shoes Pre-Loved, consisting of: - the most exciting assortment of pre-loved luxury handbags, shoes & accessories available for purchase online in the Middle East - Level's own resale service, enabling consumers in the UAE to resell their luxury items through Level Shoes in exchange for store credit or cash back The performance was promising since the start and the numbers have been growing without hesitation. Just like we had been seeing in our trend watching. Needless to say, we quickly had our eyes on expanding the service beyond the UAE territory. 🇸🇦 So it goes without saying that I'm super proud to see that Level Shoes launched its Resale service in The Kingdom of Saudi Arabia, with the help of our loyal resale partner Reflaunt and a strong project team led by Rijal Hikmatullah & Armando Saccà. This is the FIRST luxury branded resale service of its kind in Saudi Arabia, where consumers can resell their luxury handbags, shoes & accessories in exchange for Level Shoes credit or cash back. 👏 The initiative underlines 3 very important aspects for me: 1. the ongoing transformation of KSA 2. the continuous innovation drive of Level Shoes 3. the commitment to sustainability of Chalhoub Group Congrats again to Level Shoes and all those who have made this happen! #innovation #sustainability #wearechalhoub #luxury #retail #trends #resale #circular

👕 Exploring Global Brand Pricing: A Comparative Insight 👕 Ever wondered where to shop the best deals on your favorite brand clothes? Let's take a glance at a simple comparison: 🌍 𝐋𝐨𝐜𝐚𝐭𝐢𝐨𝐧𝐬: UAE, KSA, Qatar, Malaysia, India, US, UK, Canada, Germany, China 🏢 𝐁𝐫𝐚𝐧𝐝𝐬: Zara, H&M, Temu Here's what I found: >> 𝐔𝐀𝐄 & 𝐊𝐒𝐀: Generally higher prices, with a notable exception - Temu stands out affordability >> 𝐈𝐧𝐝𝐢𝐚 & 𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚: Offering the lowest prices, making it a budget-friendly option for fashionistas This insight is based on my personal observation from brand websites and may be specific to a particular garment. #retail #fastfashion #middleeast #zara #hm #temu #brand #pricing #consulting #UAE #KSA

Bengaluru-based fashion brand house Brand Studio Lifestyle (BSL)  has expanded into the Middle East e-commerce market. This marks the first step in BSL’s global expansion plan and its portfolio will now be available for consumers across UAE, Saudi Arabia, Bahrain, Kuwait, Qatar, and Oman. Click on the link below to know more.... Brand Studio Lifestyle Pvt Ltd I Shyam S Prasad I Nirmal Jain #brandstudiolifestyle #middleeast #fashionretail #ecommerce #ketch #fashionbrands #locomotive #uae #Bengaluru #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailtrends #retailbusiness #ir #IndiaRetailing 

I am pleased to be featured in the latest AGBI - Arabian Gulf Business Insight article, "Handbags and Gladrags: Price Not an Issue for Dubai’s Fashionistas," authored by Gavin Gibbon.   The article highlights the resilience and dynamic nature of Dubai’s luxury market. Despite global economic challenges, Dubai continues to thrive as a premier hub for high-end fashion. Over the past years, we've observed frequent price increases due to global inflation, rising production and transportation costs, supply chain disruptions, and ongoing innovations by luxury brands. As inflation tend to slow down, we expect this trend may ease in the near future. Many thanks Gavin Gibbon for this research. https://lnkd.in/gnf4tUHE

Could Real-Life Mannequins Become the Next Big Trend in Marketing? In an innovative yet controversial move, a Dubai clothing brand used a live model in place of traditional mannequins. This strategy has sparked significant attention and debate. Could this trend reach Limassol, often called the "Dubai of Cyprus"? Explore the marketing brilliance and ethical discussions in our latest article. https://lnkd.in/d_3pS6g2 #RetailInnovation #MarketingStrategy #DubaiTrends #RetailMarketing #Limassol #MarketingEthics #RetailTrends #CustomerEngagement #InnovativeMarketing #DigitalMarketing #BrandAwareness #RetailBusiness #MarketingDebate #TrendAnalysis #RetailExperience

#UAEExpansion Being Human Clothing expands in UAE with 2nd store in City Centre Sharjah Founded by Bollywood superstar Salman Khan, Being Human Clothing has officially opened its second store in the UAE at City Centre Sharjah. Read the full story here: https://lnkd.in/g6xCkuHR Being Human Clothing Vivek Sandhwar India Fashion Forum Sanjeev Rao Preeti Chopra Anjali Sondhi #BeingHumanClothing #CityCentreSharjah #ConsciousFashion #FashionNews #FashionUpdates #BoFDaily #BoFNews #BoFUpdates

The Decline of Local Perfume Retailers in Dubai: Analyzing the Causes: Something unusual is happening in the UAE, and it’s not the usual sweet scent of oud wafting through the air. Over the past few months, a quiet but striking trend has emerged—numerous perfume stores across the country, once the hallmark … Continue reading → #ArtsEntertainment #Business #Finance #FinancialMarket #US

The GCC’s luxury retail market reached a record USD 12.5 billion in 2023, doubling the global industry’s growth rate. This strong demand for high-end #fashion, luxury #watches, #jewellery, and prestige #beauty underscores the GCC’s pivotal role in the global luxury landscape. 👜 With consumers valuing personalised services and convenience, 2 in 3 seek guidance from personal stylists (36%) or in-store sales assistants (31%) for fashion purchases. Despite rising living costs and geopolitical concerns, GCC #consumers remain hopeful (43%), happy (39%), and confident (34%). The region’s luxury market is poised for continued growth, driven by strong macroeconomic fundamentals, a thriving tourism sector, influx of high-net-worth individuals and dynamic consumer behaviour. Retail brands from #Ireland, aiming to establish a presence in the luxury segment, should take into account these key trends and insights. They are crucial for strategic planning and successful entry into the retail market of the GCC. 🌍 Enterprise Ireland Conor Fahy Stephen Twomey Teri Smith Cara Edwards Ciarán Breslin Eamon Al Sikafi Mohamed Shahin Helen P. Hani Belbaisi Abbey Salako MCIM, CMktr Sara Assmann #internationaltrade #businessopportunities #retail #luxuryretail #luxury #gcc #uae #ksa #trade #export