US retailers head to Dubai as confidence booms

05/09/2011 - Dubai Lifestyle News Posted by Neil King
US retailers head to Dubai as confidence booms

A number of US retailers are choosing to set up shop in Dubai as consumer confidence in the emirate continues to thrive.According to reports, consumer confidence in Dubai is at a seven-year high and sales are up around ten per cent on last year, sparking interest from abroad, people buying in Dubai could be interested to hear.Bloomberg reports that Limited Brands, which operates Victoria's Secret and American Eagle Outfitters, are just two US retailers that have opened at bustling Dubai malls this year.Also set to open in Dubai this year is Millions of Milkshakes. It will be the first store outside the US.Sheeraz Hasan, founder of the store, told Bloomberg: "There are more people in the malls here in Dubai than anywhere else in the world."We wanted to show the West that Dubai is the place to be."Citing figures from BMI, the news provider stated that sales in Dubai are expected to rise by 7.2 per cent this year, up from the 3.6 per cent growth seen last year.