Retail
From The Report: Dubai 2014
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Revenues from shopping malls and retail outfits reached $626m in the first nine months of 2013, 22% higher than the same period of 2012. Out of 323 major international fashion retailers, more than half, maintained an outlet in Dubai in 2013, and the emirate is considered by one agency to be second only to London in importance for global fashion retail. Though Dubai was undoubtedly delighted with the acclamation of being named second only to London as the world’s most important home of international brands, the emirate will have top spot in its sights – especially if it can clear the final hurdle by 2020. The entrenchment of global branding and resultant potential is palpable in the retail sector.

This chapter contains an interview with Colm McLoughlin, Executive Vice-Chairman, Dubai Duty Free.

Articles from this Chapter

Overview

The big picture: New malls are keeping pace with the emirate’s reputation for innovation and world records
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With already more modern retail space per person than all other markets in the region, Dubai in theory should have difficulty in justifying any expansion. Yet that would be to underestimate the emirate’s plans to double its number of tourists in the next seven years to 20m and also to expand its resident population. During the first half of 2013 the number of tourists increased by over 11% on the previous year’s figures to 5.5m, according to Dubai’s Department of Tourism and Commerce Marketing…

Analysis

Accelerating change: The auto market takes off again with growing Chinese involvement
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Even the well-documented acquisition, by the Dubai police force, of a series of high-powered sports cars in 2013 was topped for exclusivity by an announcement that the emirate was to be the manufacturing base of another of the world’s fastest automobiles. In November, Ralph R Debbas, the CEO and managing director of W Motors, said he planned to move production of the Lykan Hypersport from Italy to Dubai in 2014. A prototype exists and only six of this and the slightly tamer Lykan Supersport model…

Analysis

Online does fine: Internet shopping expected to grow to $1bn by 2020
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Perhaps the biggest lesson for the potential of online retail shopping has come from the country with the biggest population. November 11 has been traditionally celebrated by male bachelors in China by having a drink to help fight the blues caused by their unmarried status. Five years ago the country’s largest online shopping company embarked on a campaign to transform this into a massive shopping event. On November 11, 2013 Alibaba, which owns several e-commerce websites, processed more than…

Interview

OBG talks to Colm McLoughlin, Executive Vice-Chairman, Dubai Duty Free
OBG
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Interview:Colm McLoughlin How would you describe the complementary relationship between Dubai’s tourism and retail sectors? COLM MCLOUGHLIN: Many alliances have evolved between the tourism and retail sectors over the past decade. The large scale of retail infrastructure in Dubai leaves a significant impression on tourists. Furthermore, the wide availability of luxury retail brands has now become a very important aspect of tourism in the region. Retail will certainly be one of the key factors…

Interview

OBG talks to Colm McLoughlin, Executive Vice-Chairman, Dubai Duty Free
OBG
plus

Interview:Colm McLoughlin How would you describe the complementary relationship between Dubai’s tourism and retail sectors? COLM MCLOUGHLIN: Many alliances have evolved between the tourism and retail sectors over the past decade. The large scale of retail infrastructure in Dubai leaves a significant impression on tourists. Furthermore, the wide availability of luxury retail brands has now become a very important aspect of tourism in the region. Retail will certainly be one of the key factors…