Dubai retailers were hit hard by the pandemic, as access was restricted and customers stuck at home turned to online shopping. Majid Al-Futtaim, one of the largest mall operators, with 27 shopping malls across five countries, reported a 7 percent year-on-year fall in revenues to 8.88 billion dollars in 2020, resulting in a net loss of AED 2.7...
28 May 2021
Klarna is launching a virtual shopping event in partnership with Cosmopolitan Magazine. Called "Hauliday by Cosmo x Klarna," the event is the first of its kind catered towards Gen Z and millennial shoppers. “Virtual shopping festivals are wildly popular in other parts of the world, but in the US are non-existent, especially to Gen Z and...
13 Jul 2020
With the global pandemic having an unprecedented effect on the retail sector, companies are looking for new ways to service customers. In April while the majority of the world was still under quarantine, e-commerce sales jumped 49 percent compared to early March before shelter-in-place orders. This also led to a rise in personal shopper...
10 Jul 2020