June 8th, 2011Retail Giant Sees Fashion Sales Jump By 21% in Q1
One of the UAE’s biggest luxury retailers has posted a 21 percent growth in fashion sales in the first quarter in comparison to the same period a year earlier, helped by rising consumer confidence and higher tourist numbers into the country.
Allied Enterprises, the trading name of the Chalhoub Group’s UAE business, said that sales of all its products – which also include gifts and beauty products – were up by seven percent, year-on-year.
“In 2011, we had initially planned for a normal year of growth, so five to six percent,” Allied Enterprises managing director Mansour Hajjar told Arabian Business.
“We have been surprised by two aspects; the first was that the results were much better and the second was that the influx of tourism into Dubai was way beyond expectations.
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