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Gulf’s taste for luxury defies global slowdown
Strong local demand, rising tourism, and new retail openings continue to fuel growth
Retail sector to undergo consolidation in wake of grocery product ban -BMI
The shift opens doors for big retailers, delivery apps, and real estate developers
Retail market rebounds in 2024 -Knight Frank
Spending reached USD 376 bn, with POS transactions rising 9% and e-commerce rising 26%
More than half of Saudis are optimistic about the economy -Oliver Wyman
Younger consumers, aged 18 to 29, were less optimistic than the general population
Retail-tech BirdEye raises SAR 2.2 mn in pre-seed funding
Birdeye will use the proceeds to enhance its offerings and support its local expansion
NielsenIQ weighs in on private label popularity and tech preferences in Saudi
Some 71% of Saudi participants are ready for more private label variety
Retail real estate demand to maintain momentum in the next two years -S&P
This will be driven by population growth, tourism inflows, and the expansion of mixed-use developments and gigaprojects
A flurry of 2024 earnings
MBC, Cenomi Retail, Sadara and more
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