Dubai retailers being offered free space in some malls: Chalhoub Group

Dubai retailers being offered free space in some malls: Chalhoub Group

Dubai has been over retailed and will see the closure of certain malls, according to CEO Patrick Chalhoub. "Dubai has been over retailed basically because we were expecting more growth in traffic which we have not been seeing, so we have been over retailed.. Chalhoub Group, which distributes luxury brands like Louis Vuitton and Dior has witnessed a higher sales growth than a flat market average, according to the CEO, with the group achieving at least over 1 percent growth year-on-year despite closing down 60 stores across the Middle East in 2019.. In 2019 our efforts started to pay off, so we have had better sales growth than the market average, with the market having been quite flat.. At the same time we have been able to control our cost and our expenses more at a time where our growth has been higher than the market average..