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Gulf Press > Business > Top US home appliance company inaugurates its first flagship store in Dubai – News
Business

Top US home appliance company inaugurates its first flagship store in Dubai – News

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Last updated: 2024/08/21 at 3:41 AM
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The UAE major home appliances market is witnessing significant growth, with a size estimated to be $1.07 billion in 2024 and expected to reach $1.31 billion by 2029. This growth is driven by the rise in disposable incomes and consumers’ preference for convenience. To capitalize on this trend, Black+Decker, a global appliances brand, recently opened its first brand store at Al Ghurair Center in Dubai. This move signifies a significant milestone in the brand’s expansion strategy and aims to enhance its retail footprint, getting closer to consumers and doubling its revenue growth. Black+Decker’s store is the first of its kind in the region, showcasing the brand’s commitment to the UAE market.

Rahul Chandra, Director of Black+Decker Middle East, highlighted two key factors that motivated the brand to launch its physical store in the UAE. He mentioned that the UAE is a shopping destination for tourists and residents, with a thriving retail market that includes brick-and-mortar stores alongside online shopping. The high demand for home appliances in the UAE made it an obvious choice for Black+Decker to kick-start its retail expansion in the region. Chandra emphasized the importance of physical stores in an omnichannel strategy, stating that they play a crucial role in expanding the brand’s reach and strengthening its connection with consumers.

Mustafa Riaz, Owner of Al Wifaq, expressed pride in being part of the world’s first Black+Decker brand store in Dubai. He mentioned that the store aims to offer an immersive experience for customers, showcasing Black+Decker’s diverse product lines and providing education about the brand. Riaz also highlighted plans for expanding the customer engaging experience to other parts of Dubai and eventual opening in the capital city, Abu Dhabi. This indicates a strong commitment to growing the brand’s presence across the UAE.

Chandra emphasized the importance of addressing operational challenges and meeting consumer demands in today’s competitive retail landscape. He stressed the need for a dynamic, integrated omnichannel strategy to drive sustained business growth. Black+Decker is aggressively planning its expansion by entering new markets like Africa and opening more retail stores in the Middle East. This focus on growth reflects the brand’s commitment to meeting consumer needs and increasing its market presence.

In conclusion, the UAE home appliances market is experiencing significant growth, with Black+Decker’s recent store opening in Dubai marking a strategic move to tap into this expanding market. The brand’s commitment to providing an immersive retail experience for consumers and its aggressive expansion plans demonstrate its dedication to enhancing its presence in the region. As the retail landscape evolves, brands like Black+Decker are adapting their strategies to meet consumer demands and ensure sustainable business growth. By focusing on omnichannel expansion and addressing operational challenges, Black+Decker is positioning itself for continued success in the competitive home appliances market.

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News Room August 21, 2024
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