Dubai-Mubasher: The size of UAE’s local retail sector is expected to cross Dh151 billion by the end of 2015, an increase of 7%, according to TASC Outsourcing.
“Yet, there has not been a drop as such in new store openings, but the sense of wait-and-watch on the part of retail groups is quite evident,” said Abbas Ali, Vice-President at TASC Outsourcing.
He pointed out that the steady growth of new stores ensured a slight rise in the number of employees in the sector through the last 24 months.
“But it’s not all smooth sailing — retailers still in expansion mode are starting to make do with having fewer shop floor executives at their new outlets,” added Ali.
