United Arab Emirates Apparel Market Snapshot 2024 Featuring Nike, Adidas, Shein, Max, LC Waikiki, Zara, H&M, Puma, Hermes, & Louis Vuitton [Yahoo! Finance]
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Source: Yahoo! Finance
This report provides a country snapshot of UAE's apparel market. The report provides market data on the apparel market in UAE, including by channel, the competitive landscape in the country, and consumer insight including how Emiratis feel about inflation and how the are adapting their apparel shopping habits in response to this. The report also includes key themes in the UAE's apparel market, including commentary on the luxury, resale and sportswear markets. In 2023, the UAE's economy faced a slowdown, with real GDP per capita rising by just 2.0% due to reduced oil production, while inflation eased to 3.2%. The UAE's apparel market grew by 6.3% in 2023 to reach AED 50.3bn, thanks to rising tourism in the country. As consumers seek more versatile yet modest items, sportswear brands Nike and Adidas are dominating the market, while value player Shein is creating tough competition for players such as Zara and H&M. Scope The UAE's apparel market grew by 6.3% in 2023 to reach AED 50
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- 5/15/24 - Form 4
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- 5/10/24 - Form 4
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