Page 66 - Metro Brazil PR Report - March 2024
P. 66
Metro Brazil expands footprints in KSA to contribute to booming retail and eCommerce market – The Fashion With Style
Metro Brazil’s research is centred on customising online shopping
experience to successfully meet the expectations of KSA customers
by taking into account the cultural nuances and fashion trends as
well as incorporating local payment methods. While the KSA
eCommerce market is growing positively, the UAE market is
projected to reach USD 9.2 billion in 2026, creating an opportunity
for Metro Brazil’s success in both these markets.
Furthermore, to capture a considerable size of the KSA shapewear
and stocking market which is projected to reach a market size of
more than USD 7 million by 2028, the company will officially open
physical showrooms in Riyadh and Jeddah, as part of their new
expansion strategy, bridging the gap between traditional retail
experiences and the digital marketplace.
Additionally, the company’s plans include collaborations with local
finance and investment organisations, such as Growth Venture
Capital, Investment Pools, and Angel Investors, as well as access to
emerging markets and incentives for technological advancements.
Metro Brazil’s strategic plans will set new industry benchmarks,
placing a strong emphasis on unparalleled customer experience,
improved security, and dynamic user engagement.
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