More American shops looking to open in Dubai
Despite the gloom that shrouds the retail sector in the Western world, sales in Dubai’s shops are up 10% this year and consumer confidence is at its highest for 7 years.
With potential for growth in the struggling US market limited, and disposable income in Dubai high, American chains are looking to expand into this lucrative new territory to offset losses in their home markets.
A host of stores are reportedly looking to join recent arrivals Pottery Barn, Bloomingdales, Victoria’s Secret and American Eagle.
Watch this space.
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