A large share of the population in the United Arab Emirates is 30-45 years old, with this segment being well travelled, exposed to social media and having money to spend on global luxury brands. Such consumers are interested in keeping up with international trends when it comes to owning high quality and unique designs that are suitable for multiple occasions.
Sales in many retail areas in the United Arab Emirates continue to fall, including designer apparel and footwear, due to currency fluctuations, with dirham-priced items being 20-40% more expensive than in Western countries. As a result, well-travelled residents are increasingly shopping abroad, where they can enjoy greater value for money.
Sluggish sales and the recent introduction of an excise tax have increased uncertainty among players in this area. The recent introduction of VAT will continue to impact the local economy.
LVMH Moët Hennessy Louis Vuitton is the leading GBO in this area, with the company remaining highly popular among consumers as a result of a strong historic presence and brand awareness. Yves Saint Laurent, Armani, Fendi, Dolce & Gabbana and Gucci are the leading designer apparel and footwear brands, enjoying strong demand from Western tourists and affluent residents.
Chalhoub Group and Al Tayer Group are the most popular local partners for major luxury brands in this area. In response to the recent economic downturn and low consumer confidence, leading companies are focusing on offering products and services to meet the needs of very wealthy local and foreign customers.
A growing number of affluent younger consumers are using the internet to purchase products in this area. Recent launches include Ounass.
You have no recently viewed reports.
Why not browse through our Featured or Trending Reports to see what we have to offer?
Files are delivered directly into your account within a few minutes of purchase.
Discover the latest market trends and uncover sources of future market growth for the Designer Apparel and Footwear (Ready-to-Wear) industry in United Arab Emirates with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Designer Apparel and Footwear (Ready-to-Wear) industry in United Arab Emirates, our research will save you time and money while empowering you to make informed, profitable decisions.
The Designer Apparel and Footwear (Ready-to-Wear) in United Arab Emirates market research report includes:
Our market research reports answer questions such as:
Why buy this report?