Retail Overview articles

Impact of COVID-19 and economic crises on Lebanon’s retailers

Impact of COVID-19 and economic crises on Lebanon’s retailers

Reading Time: 6 minutes Storefront banners and text messages announcing extended clearance sales or “70 percent off” all merchandise have been part of Lebanon’s retail landscape since 2012. Executive has been reporting on the dwindling purchasing power among Lebanese and the overall decrease in tourists from wealthy GCC countries as the reasons behind the gradual decline of the retail

A balancing act

Reading Time: 7 minutes It’s been a mixed year for Lebanon’s retailers and luxury retailers. On the one hand, shoppers were once again bombarded with text messages urging them to hurry up and benefit from the latest discounts and offers, and passing by “70 percent off sale” signs on store windows was an all too common occurrence. Both of

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