Franchise options could prove the key to bolstering the region’s retail industry, according to International Expo Consults, organisers of Franchising Middle East (FME).
Recently released figures have shown that retail figures are rallying, despite a drop of up to 30 percent in sales in leading markets such as Dubai earlier this year.
“According to Dubai retailers, the slowdown is slowing down, and while the summer is expected to remain pretty flat, recovery is expected towards the end of the year,†said Abdul Rehman Falaknaz, President of International Expo Consults.
“What is interesting is that, despite the slowdown in sales, international brands are continuing to flock to the Middle East, showing the resilience of franchising as a business model,†Abdul Rehman Falaknaz added.
Dunkin’ Donuts, the world’s leading coffee and baked goods chain, opened its 55th store in the UAE at Al Bawadi Mall, Al Ain, in June. The opening coincided with the international celebration of the 15,000th store opening of Dunkin’ Brands in Raleigh, North Carolina, USA. Read more.
