Page 21 - Metro Brazil PR Report - February 2024

Metro Brazil witnesses 210% sales growth in 2023, strategizes market expansion in 2024

Alaa Kara Ali, CEO of Metro Brazil. Image Courtesy: Metro Brazil
Metro Brazil witnesses 210% sales growth in 2023,

strategizes market expansion in 2024

The retail and eCommerce company report forecasts GCC addressable market to reach USD 3.5
Billion by 2028, marking a 1.83% growth

Press Release

February 7, 2024

UAE: Metro Brazil, a leading retail and eCommerce company for Brazilian shapewear products in the Middle

East, witnessed a remarkable growth in 2023 fuelled by a 210 per cent increase in sales and a 161 per cent rise in
the number of orders from GCC countries. The expecta onal growth is a ributed to the company’s strategic
collabora ons, integra on of advanced technologies and its state-of-the-art warehouse in Dubai CommerCity
free zone.

Capitalising on this growth, Metro Brazil aims to expand its footprint across online marketplaces in the Middle

East region in 2024, including Amazon, Noon and other leading marketplaces.

With the growing demand for shapewear in the GCC, among other Middle East countries, the company’s effort
to strengthen its posi on in the regional market is in line with the changing retail trends. According to Metro
Brazil’s latest report, the global addressable market is expected to reach a market size of USD 218.19 billion

marking a 3.98 per cent increase by 2028, while GCC’s addressable market is expected to reach a market size of
USD 3.5 billion by 2028, with a 1.83 per cent rise.

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