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Sunday, 25 December 2016

Online retail to shake up UAE’s bricks-and-mortar sector | The National

Online retail to shake up UAE’s bricks-and-mortar sector | The National:
"Online retailers could be a new threat to the UAE’s bricks-and-mortar retailers next year. Retailers were under pressure this year from a sluggish economy and global macro conditions that made the UAE an expensive place to shop for many international visitors. The hope that 2017 may be an easier year is complicated by the rise of home-grown online retail channels that further threaten the status quo.


The trend crystallised at a press conference in Dubai on the noon-hour of November 13.

That is when Mohamed Alabbar, the billionaire chairman of Emaar Properties, said that next month a group of investors would launch Noon.com, an online retailer carrying 20 million products. To give that number some relevance, your typical mall carries about 1.5 million items, and Amazon, the world’s biggest online retailer, carries about 20 million products."

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