Home BusinessSocietyReeling in customers in good times and bad

Reeling in customers in good times and bad
ENAR

by Marianne Stigset

The Lebanese retail sector got off to a promising start in 2005, boosted by the exceptional results of the previous year, which had witnessed record post-war tourism figures, and a favorable psychological climate for shopping brought about by a robust economy. January registered an 80% growth in year-on-year tourism retail spending, with visitors from Qatar and the UAE racking up their spending by 159% and 169% respectively. The Association of Car Importers in Lebanon reported a 26% jump in sales of commercial and passenger vehicles over the same period in 2004 (1,522 new passenger vehicles and 123 commercial vehicles were sold in January). Then came the assassination of former prime minister Rafik Hariri on February 14. Demonstrators aside, the BCD became a ghost town, bringing more than one store to the brink of bankruptcy, until the civil war commemorations brought the area back to life again at the beginning of

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