COVID-19 impact: Luxury retail sector in UAE 'flattens' since October

iStock [illustration]

Luxury retail in the UAE had shown signs of a rebound over summer after the pandemic struck, but has flattened since the start of October.

That's according to the CEO of Chalhoub Group, Patrick Chalhoub, who was speaking at the 'Back to Business' webinar hosted by Dubai Eye.

He's expecting sales to stay soft till the end of the year.

But Chalhoub says the increase in online shopping has been dramatic.

More from Business

Coming Up on Dubai Eye

  • The Score

    7:00pm - 9:00pm

    Hosted by Chris McHardy, The Score is your comprehensive guide to the world of sport.

  • The Music Mix

    9:00pm - 11:00pm

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!