GLOBAL RETAIL REOPENING, RECOVERING & REALIGNING TO A NEW REALITY
Images Retail|June 2020
While keeping the seriousness of COVID-19 in mind, many governments are cautiously talking about their plans for ‘re-opening’ their economies. Retailers are looking ahead to the new reality of what life might look like after the initial acute phase of this pandemic passes…
GLOBAL RETAIL REOPENING, RECOVERING & REALIGNING TO A NEW REALITY

UAE RETAIL MARKET SET TO GROW BY 0.4 PERCENT IN 2020 AS BRIEF LOCKDOWN PERIOD PROTECTS SPEND: GLOBALDATA

The United Arab Emirates is forecast to be the sixth best performing market in 2020 (of the 49 countries covered by GlobalData) with spend growth remaining in positive territory significantly helped by its short lockdown period of just two weeks for non-essential stores, says GlobalData, a leading data and analytics company.

Emily Salter, Retail Analyst at GlobalData, comments: “Although COVID-19 is set to wipe AED 13.5bn off the original 2020 forecast growth of 5.8 percent in the UAE, its wealthy population and brief lockdown period will mean the market holds up better than many of its MENA neighbours including Turkey and Israel. Additionally, the UAE will experience a faster recovery than most Western economies due to consumers’ greater propensity to spend on luxury items, although falling oil prices may have a longer term impact on domestic consumer wealth.”

Given lockdown restrictions for nonessential retailers were quickly lifted in the UAE shopping centres have started to reopen with many introducing measures that could be used a blueprint for others around the world that are considering how they can operate safely, once allowed.

AMAZON REOPENS NEARLY 50 PERCENT OF ITS STORES GLOBALLY

Apple has managed to reopen nearly 256 retail stores out of more than 500 worldwide, as it aims to safely restart operations. This means that nearly half of Apple retail stores now open globally

Apple closed all its retail stores outside Greater China in March as COVID-19 pandemic spread. All the Apple stores in Greater China are now open.

This story is from the June 2020 edition of Images Retail.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the June 2020 edition of Images Retail.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM IMAGES RETAILView All
Here's How India Shops Online
Images Retail

Here's How India Shops Online

Over 60% of people prefer shopping via apps over websites with a clear preference for marketplace apps

time-read
2 mins  |
March 2024
Why Are More And More Retail Brands Advertising Online?
Images Retail

Why Are More And More Retail Brands Advertising Online?

Returns on investment ranging from 2%-10% from their digital ad spends is just one of the reasons why brands and retailers across categories are taking to online advertising

time-read
3 mins  |
March 2024
Mini Mall, Mega Experiences
Images Retail

Mini Mall, Mega Experiences

Lulu Group’s first mini mall brings the best of retail to the aspiring consumers of the tier 3 town of Palakkad in Kerala

time-read
3 mins  |
March 2024
How Daalchini is Spicing up Micro Retail in India
Images Retail

How Daalchini is Spicing up Micro Retail in India

Through its smart vending machines, the Noida-based company is offering 24/7 convenience to customers, reach to over 200 brands and new business opportunities to entrepreneurs

time-read
5 mins  |
March 2024
AI, Cloud and SaaS Play a Pivotal Role for Banjaaran Studio
Images Retail

AI, Cloud and SaaS Play a Pivotal Role for Banjaaran Studio

Banjaaran Studio’s founder Meera Dureja on the brand story, business model and adding a modern touch to traditional shoemaking

time-read
4 mins  |
March 2024
How Myntra, Amazon, Shoppers Stop, Peesafe & Indiamart are Using AI for CX
Images Retail

How Myntra, Amazon, Shoppers Stop, Peesafe & Indiamart are Using AI for CX

From improving product recommendations and personalised fit suggestions to delivery, here’s how retail biggies are using artificial intelligence to offer delightful customer experiences

time-read
4 mins  |
March 2024
Store Launches Surge 23% in Feb
Images Retail

Store Launches Surge 23% in Feb

While the number of store openings increased, fundraises in the month dropped significantly

time-read
3 mins  |
March 2024
The Government Realises the Importance of Domestic Market
Images Retail

The Government Realises the Importance of Domestic Market

Rahul Mehta, Chief Mentor of CMAI on Indiasize, the government’s focus on domestic retail, industry’s asks and more

time-read
4 mins  |
March 2024
In 3 years, PepsiCo India Doubled its Previous 30-year Capacity
Images Retail

In 3 years, PepsiCo India Doubled its Previous 30-year Capacity

As the director of channel, customer and go-to-market (GTM) development for PepsiCo India, Anand Mohan Sharma has anger on the pulse of India’s consumption story—especially in the food and beverage segment.

time-read
3 mins  |
March 2024
A Look at the Indian Athleisure Market Play
Images Retail

A Look at the Indian Athleisure Market Play

The dimensions, driving forces, and potential of the Indian athleisure market

time-read
4 mins  |
March 2024