Friday

Recession: Dubai luxury shops say they're missing Nigerians

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 Dubai luxury shops are feeling the absence of Nigerians who have been kept away from their usual travels to Asia’s shopping capital by a weaker naira and higher airfares, Businessday reports.
Nigerians who typically buy huge volumes of luxury goods are cutting down on their expenses. “Before now, purchases from Nigerians made up about 18% of our market share, but it has dropped to about eight percent this year. . . I tell you the truth, we really miss Nigerians here and we hope things get better so that they can shop again as they used to,”

Bilal Chaouch, sales manager, Paul Smith, said.  “We hope the government in Nigeria will help provide dollars for Nigerians to come and shop here as they use to do. We hope things get better because patronage by Nigerians has been part of our success story,” he added.

Johanna Pascual, sales manager, Accessorize, also said Nigerians often bought accessories in large quantities but there has been a sharp drop this year because only few Nigerians have been visiting recently and those who come do not buy as much as they used to. . . “I always believed Nigerians were very rich people because when they came to buy gold, they always bought in large quantities and paid immediately. But that has changed now. We have not sold as much as we sold accessories by this time last year,” Pascual disclosed.

Gilbert, a sales representative of Timex, said he has observed a sharp drop in demand from Nigerians for luxury brands. The Dubai attraction has lost its shine as Nigerians now struggle at the airports to get dollars to travel unlike before when they could easily travel with the cards and shop in over 200 countries around the world.

9 comments:

  1. Replies
    1. Actually my thought too. Nigerians wif der excess spending.

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  2. It is well o. Missing Nigerians indeed!

    ReplyDelete
  3. Make them tell buhari Na...Na im cause am after all it wasn't like ds bfr.

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  4. Hmmmmmm..... Buhari is working...

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  5. Hahaha.... Dollar is high and debit cards are not working outside 9ja.

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  6. Nigerians are the highest spenders in the world!

    ReplyDelete

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