With its vast futuristic shopping malls resembling small cities more than just retail destinations, Dubai has become one of the fastest-growing retail centers in the world. The industry is forecast to grow from an estimated $34.2 billion in 2013 to $50.09 billion by 2016, an increase of 47 percent.
The meteoric rise of retail has been driven by the emirate’s growing population of expatriates as well as locals with high disposable incomes; its safe-haven status in the often-volatile Middle East and, most significantly, a sustained tourism boom. According to the Dubai Chamber of Commerce and Industry, 10 million tourists visited the city last year, an increase of more than 9 percent from the previous year, and in the last eight years, visitors to Dubai have doubled, driving more consumers through the emirate’s glittering malls.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)