As one of the world‘s most influential business hubs, the Middle East requires expert attention. Business Extra provides those experts, as well as news and insights from The National‘s esteemed team of business editors and reporters, who are on top of the markets, technology, the energy sector and more.
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As one of the world‘s most influential business hubs, the Middle East requires expert attention. Business Extra provides those experts, as well as news and insights from The National‘s esteemed team of business editors and reporters, who are on top of the markets, technology, the energy sector and more.
Beyond Carrefour: Why some global brands are losing ground in the Middle East
Business Extra
22 minutes
1 week ago
Beyond Carrefour: Why some global brands are losing ground in the Middle East
The announcement that Carrefour has shut stores in Kuwait, Bahrain and other countries made headlines across the region. But behind the immediate news lies a bigger story that international retail giants are struggling to keep Middle East consumers interested.
Consumers are increasingly turning their backs on big-name internationals and favouring local brands, home-grown experiences and practices that resonate with their regional identity. This is not necessarily a rejection of global brands but instead it is to meet customers' needs and values.
In this episode of Business Extra, host Salim Essaid digs into the shift, which is seeing global names starting to fade from store shelves, and asks how far it goes.
We hear insights from Aarti Nagraj, deputy business editor at The National, and John E Katsos, professor of management, strategy and entrepreneurship at the American University of Sharjah.
Business Extra
As one of the world‘s most influential business hubs, the Middle East requires expert attention. Business Extra provides those experts, as well as news and insights from The National‘s esteemed team of business editors and reporters, who are on top of the markets, technology, the energy sector and more.