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BRANDS is a retail brand established in the UAE, and the retail market is expected to usher in strong growth opportunities in 2023. Their forecasts are in line with the continued growth potential of the UAE’s retail market, which benefits from continued population growth, rising GDP per capita and booming tourism.
BRANDS has opened a number of new stores in the UAE during the pandemic and expanded its regional reach due to increased store foot traffic. With strong year-round shopping promotions in the country, the company is able to benefit from attractive offers and higher consumer spending. Initiatives by the UAE government, such as the AED50 billion three-year economic stimulus package, easing of visa restrictions and renewed spending on infrastructure projects, have also contributed to BRANDS’ recovery and growth.
Dorgham Shaaban, CEO and Chairman of BRANDS, said: “This year, we will be opening new stores in the UAE in line with specific plans and focus on introducing stand-alone concepts for our DKS and Jack Morgan brands.”
As the UAE is one of the most attractive retail markets in the region for retailers, Shaaban believes that BRANDS will remain strong in the first quarter of 2023 as they focus on attracting new customer segments.
He added: “As we embark on our journey in the first quarter of 2023, we are well-positioned by introducing innovative fashion concepts, providing customer-centric services, and consistently delivering high-quality products at affordable prices. product to continue its success.”
BRANDS is recognized for its factory price offering in its extensive collection of menswear. While keeping customer focus and affordable prices in mind, BRANDS is poised for rapid growth in the UAE, paving the way for more significant expansion in the future.
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