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Traditionally, the retail sector is said to benefit the most from DSS consumer spending and this year is no different. The entire city seems to be in a dizzying shopping frenzy affecting people from all cross-sections of society. While the summer sales are too tempting for grown-ups and seasoned chocoholics, even children are filling up goodie bags with discounted items at the malls.
Toy stores and retailers of children’s items consider summer vacation an excellent time to attract young buyers. There is a big upswing in children’s retail comprising stores targeting kids aged zero to nine that revolves heavily around clothes and toys. In a report published by Gulf News last year the toy industry in the Middle East has been estimated at being worth about $1.5bn. Nearly 50 per cent of the GCC’s population is under 16 years of age and spending per capita in the region on toys and games is estimated to be Dhs1200 which is only bettered by the USA.
Summer is regarded a busy season for toy stores because of the school vacation and also because of the DSS activities attracting the little ones to the shopping malls. During holidays children have much more free time on hand to spend playing with latest toys. The forecast for the toy industry is positive thanks to the new and innovative toys being introduced to feed that imagination of the children.
The ninth edition of DSS benefited a number of business establishments including tourism, hospitality, retail and service establishments, most of which reported sales increase of 15 to 20 per cent. This year too a similar trend is being witnessed and children are seen as contributing to retail sector’s soaring business in a big way. Toys,Bvlgari Replica, stationary, sportswear, outerwear (more…)