Kuwait: Continuing its slow climb. Kuwait (9th) rises three spots as its economy grows steadily and outlook remains favorable amid increasing consumer spending and a greater presence of international retailers.
In line with an optimistic economic outlook for 2013, the retail sector is expanding and demand for retail space is growing despite expensive real estate. The country’s largest mall, The Avenues, opened its phase-three extension in 2012, and other developments, such as the Gate Mall, are opening their doors in 2013. The country’s mostly urban and suburban population has high levels of disposable income, and Kuwaitis are drawn to luxury products and high-end concepts. The Avenues’ new extension includes a street area of high-end standalone shops to cater to this luxury demand.
Kuwait is typically the second MENA location (after the UAE) for international brands. International retailers Cheesecake Factory, Victoria’s Secret, and COS entered in 2012 with franchise agreements with Kuwaiti retailer M.H. Alshaya Co. Prada opened its second Kuwait store at The Avenues in early 2013.
While the luxury market remains bright, Kuwait is a difficult environment in sectors with slim margins. In grocery, for example, large and well-established retailers (such as Sultan Center, City Centre, and Casino), expensive retail estate, and limited space for expansion pose obstacles for entry by foreign grocery retailers.
It’s all very interesting but I’m more interested to know where this Casino is located please. [Link]
9 replies on “Kuwait the 9th most emerging retail market”
Casino = Géant Casino Group (https://en.wikipedia.org/wiki/G%C3%A9ant_Casino)
they are referring to the holding company/owners of Geant.. Groupe Casino.
damn it, thats a disappointing response.
loooooool
…ranked between Georgia and Armenia.
lol turkey is 6th.and 70% of my people are living with a salary whioh is lower than the hunger limit.while hunger limit is being decided by the government for a 4 members family as 1200TL while government is allowing minimum salary as 800TL.
anyways…first paragraph
Kuwait: Continuing its slow climb. Kuwait (9th) rises three spots as its economy grows steadily and outlook remains favorable amid increasing consumer spending and a greater presence of international retailers.
made me think that turkey must be in better situation than kuwait.since it is at 6th place.WHICH IS NOT.
I suggest you to check your refrigerator, your cars fuel tank, bank account and your power to buy what you want(for example turkish guys mostly can not drive 8V american cars :p ) and think about how satisfied and happy with your life…then if you are happy…close your eyes and put kuwait to the first place and say that you must be in heaven and be thankful to God 🙂 if not happy and what that list means? like it doesnt mean anything for turkish people PLUS just like its not a sign of economical growth as well 🙂
What is this GATE mall that’s opening this year? Unless they’re referring to Al Koot which means fort.
Well, our HDI also increased this year, which is a good thing considering we were dropping for two years in a row.
Casino is the mother company of Geant