792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

Fashion & Lifestyle - In India the vast middle class and its almost untapped retail
industry are the key attractive forces for global retail giants wanting to enter into
newer markets, which in turn will help the retail to grow faster.
Food & Beverage retail - Backed by huge potential and changing lifestyles, the food
and beverage retail market is growing at a robust 30-35 per cent per year.
Pharmaceutical Retail – Driven by remedies like anti-diabetic, vitamin, antiinvective’s
and dermatology, it accounted for a robust 15% growth in 2011.
E-commerce or E-tailing – the next big revolution - With the advent of e-commerce
in the retail industry or retail stores are facing solid competition from e-stores. The
rising demand for e-shopping has led to a new debate cropping up in the world.
Introduction of retail sector in UAE:
Based on our demand side estimates, GCC retail sales are expected to grow
at a CAGR of 8.3% between 2010 and 2015.
Middle East duty free and travel retail sales are projected to expand at a
CAGR of 9.9% between 2010 and 2015. Although Dubai Duty Free will
continue to account for a significant portion of these sales, growing
passenger traffic in Qatar is likely to result in the country’s duty free sales
outdoing the broader sector growth.
After a brief pause over the last two years, the Middle East luxury goods
market looks poised for strong performance going forward. The region’s
luxury goods sector is estimated to expand at a CAGR of 8.5% between 2010
and 2015.
Contribution of retail sector in GDP of Dubai is 40%. And growth is 5.5%
After a brief break over the last two years, the Middle East luxury goods
market looks poised for strong performance going forward. The region’s
luxury goods sector is estimated to expand at a CAGR of 8.5% between 2010
and 2015.
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