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  1. More generations, more pressure in beauty and cosmetics market: report
  2. Global superyacht industry turns into $62B economic force with influence beyond tourism: report
  3. Human-led hospitality – critical driver of workplace performance in every sector – being overlooked: report
  4. Personal luxury goods sector to grow ~2.5pc in 2026, down from anticipated 4-5pc: research
  5. Nearly two-thirds of Europeans trying to reduce consumption over financial concerns: report
  6. How to redefine retail stores as AI, convenience and shifting spending power shape behavior: report
  7. 3 questions every luxury brand founder must answer before year two
  8. Why luxury brands are monetizing proximity — and risking symbolic dilution in the process
  9. AI reshaping jobs faster than firms reshaping work: report
  10. Gstaad tops list of most expensive holiday property markets in Europe’s Alpine region
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Environment and sustainability

Luxury consumers in Middle East’s GCC countries show significant shift to resale circularity: report

December 28, 2023

Tanagra is part of Middle Eastern luxury retail giant Chalhoub Group's portfolio of brands. Image: Chalhoub Group Tanagra is part of Middle Eastern luxury retail giant Chalhoub Group's portfolio of brands. Image: Chalhoub Group

 

By Luxury Marketer Intelligence

Estimated at $480 million to $500 million in 2022, the luxury re-commerce market in the Gulf Cooperation Council countries – Saudi Arabia, United Arab Emirates, Qatar, Bahrain, Kuwait and Oman – is expected to grow at a compound annual growth rate (CAGR) of 10 percent to 15 percent, reaching $760 million to $780 million by 2026.

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  1. More generations, more pressure in beauty and cosmetics market: report
  2. Global superyacht industry turns into $62B economic force with influence beyond tourism: report
  3. Human-led hospitality – critical driver of workplace performance in every sector – being overlooked: report
  4. Personal luxury goods sector to grow ~2.5pc in 2026, down from anticipated 4-5pc: research
  5. Nearly two-thirds of Europeans trying to reduce consumption over financial concerns: report
  6. How to redefine retail stores as AI, convenience and shifting spending power shape behavior: report
  7. 3 questions every luxury brand founder must answer before year two
  8. Why luxury brands are monetizing proximity — and risking symbolic dilution in the process
  9. AI reshaping jobs faster than firms reshaping work: report
  10. Gstaad tops list of most expensive holiday property markets in Europe’s Alpine region


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