16 Mar 2010 Gulf News
 

Dh11b GCC PERFUME sales comprise 20% of world market

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Tuesday, Mar 16, 2010

Gulf News

The market for fragrances in the GCC is estimated at Dh11 billion per annum, accounting for approximately 20 per cent of the world market according to a recent study by Epoch Messe Frankfurt GmbH, a Germany-based event organiser. On top of this, the per capita spending in cosmetics and perfumes is said to be one of the highest in the world. The UAE is expected to see a surge of 25 per cent in population from the current 6 million to almost 7.5 million this year.

Reebok opens new store in Al Ain

R.B.K. Middle East, the sole distributor for Reebok in the GCC, opened a Reebok store in the Al Jimi mall, Al Ain. The store covers 1,500 square feet and is Reebok's sixth store in UAE and 10th in the region. The new store showcases the entire Reebok collection that comprises sports, fashion and lifestyle products across shoes, fitness gear, sporting equipment, sports jerseys and team collectibles. The store's interiors will feature a façade similar to that of other Reebok stores, showcasing the characteristics of the Reebok brand and designed to offer a seamless display of collections to consumers.

Centrepoint to open at Mirdif City Centre

Centrepoint, the largest non-food retail destination in the Middle East region and part of the Landmark GroupLandmark GroupLoading..., is on track to opening its 64th store at Mirdif City Centre. The new Centrepoint has a retail space of 85,403 square feet, integrating five Landmark GroupLandmark GroupLoading... brands — Babyshop, Splash, Shoe Mart, Lifestyle and Beautybay — under one roof. Located on the ground floor of Mirdif City Centre, Centrepoint offers a wide selection of product choices across multiple categories within a convenient shopping environment; from furnishings and beauty products, to clothes, shoes and accessories for men, women and children.

BMW winner collects keys

Dharmendra Lalai, head of IT Marketing Division at Sony Gulf, presented Firas Kayal with the keys of a BMW 5-Series at the Sony showroom in the Dubai Mall. Kayal was the winner of a month-long campaign Sony Gulf organised from February 4, offering purchasers of Vaio laptops an opportunity to win a BMW 5-Series.

Convenience drives customer buying

Retail chain SouqExtra! says convenience — a factor identified early on by the community supercentre and a key element shaping its retail concept — is driving consumer buying behaviour in the UAE. A recent report released by Business Monitor International states that convenience store sales in the UAE are predicted to outperform the wider mass grocery retail sector (MGR) over the next four years, increasing by more than 50 per cent by 2014 to Dh430 million. MGR sales are also set to see steady growth — following a sharp drop from double-digit growth in 2008 to low single digit growth in 2009 — with total sales expected to hit about Dh7.28 billion by 2014. The chain of national supercentres opened its first outlet at Ewan Residences, Dubai Investments Park, late last year, and has since enjoyed a very positive response from the local customer base.

Christie's to hold Dubai auction in April

Christie's will stage the first of its biannual series of public exhibitions and auctions in Dubai from April 25 to 28 at Jumeirah Emirates Towers. It will include important Middle Eastern and Iranian post-war and contemporary art.

— Compiled from staff reports

Staff Report

© Gulf News 2010. All rights reserved.

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