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Investments by Department Retailers in tech-based services to elevate MEA market: Ken Research

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Department stores retail market in Middle East and Africa is expected to record faster growth rate during 2015-2020 against historic period. – PowerPoint PPT presentation

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Title: Investments by Department Retailers in tech-based services to elevate MEA market: Ken Research


1
Investments by Department Retailers in tech-based
services to elevate MEA market Ken Research
2
Ken research declared the recent publication on
Department Stores Retailing in Middle East and
Africa, 2015-2020, which offers insights on
Middle East and Africas department stores retail
landscape including current market sizes, the
Middle East and Africas fastest growing markets
and category groups. Furthermore, in-depth
analysis of the market size and category
forecasts for the specific regions and countries,
and also features major retailers, key innovative
retailers, and department store retail trends.
3
The publication covers five largest retail
markets in Middle East and Africa and the shrewd
analysis of the latest trends, market dynamics
covering 10 category groups and key innovations
in retail space in major countries across the
region. Individual concentrating on the
competitive landscape or on the latest trends can
drive all such information from this
publication. Economic Outlook Monetary
development in the Middle East and North Africa
(MENA) is stagnating. The World Bank ventures
overall GDP development to be under 3 for the
current year.
4
Political instability is a major issue which may
hamper not only the economic growth potential,
but might also block initiatives to promote
internet usage, development of e-services and
consequently also affects the growth potential of
e-commerce. The social uprisings that emerged
in the region are indicative of the threats that
low living standards and lack of political
freedom pose to long-term sustainable
stability. Online Retailing in MEA B2C retailer
JD.com - have their roots in ecommerce. MEA is
the smallest ecommerce market in the world.
Development in the area is faster than in many
other regions across the globe, except
Asia-Pacific, where B2C e-commerce in China is
growing at a rapid speed.
5
The maximum number of Internet users in the
Middle East and Africa is estimated to be in
Egypt, followed by Morocco and Saudi Arabia.
However, Internet penetration was at its top in
Qatar and the United Arab Emirates. Online
shopping in the Middle East and Africa region
boomed especially as a result of group buying
websites. Recent Trends Saudi Arabia dominates
this province of total department sales in
the Middle East and Africa in 2015. Success of
department sales in Saudi Arabia will be driven
by healthy economic factors and expanding mall
openings in major cities, of which department
stores has to be focal attractions.
6
Traditional department retailers in South
Africa are facing challenges amid decline in
spending and enhancing competition. Department
stores have invested bulk amounts in
technology-based services to simplify the buying
process. For more coverage click on the link
below https//www.kenresearch.com/consumer-produ
cts-and-retail/wholesale-and-retail/department-sto
res-retailing-middle-east-africa/62466-95.html
7
  • Related links
  • https//www.kenresearch.com/consumer-products-and-
    retail/wholesale-and-retail/department-stores-reta
    iling-europe/62467-95.html
  • https//www.kenresearch.com/consumer-products-and-
    retail/wholesale-and-retail/department-stores-reta
    iling-asia-pacific/62465-95.html
  • Contact
  • Ken Research Ankur Gupta, Head Marketing
    Communicationsquery_at_kenresearch.com91-124-42302
    04

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