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 these are sure signs of a weak market in which consumers are not spending much of their disposable income and retailers are becoming increasingly desperate to sell their products at any price. On the other hand, 2016 also witnessed several major store openings, including Hugo Boss’ flagship store on downtown Beirut’s Allenby Street and A. Lange & Söhne, a luxury watch store – both of which brought some much-needed dynamism to the sector. Overall, retailers feel that while 2016 may have been a continuation of the past five years – marked by a decrease in
Nabila is Executive's hospitality, tourism and retail editor. She also covers other topics she's interested in such as education and mental health. Prior to joining Executive, she worked as a teacher for eight years in Beirut. Nabila holds a Masters in Educational Psychology from the American University of Beirut.
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