Tough Times for GCC Luxury Market

The video discusses the current economic challenges, emphasizing the need for adaptation to a new norm. It highlights the slowdown in growth and changes in tourism and exchange rates. The luxury market, particularly for children, is identified as a growth area, with innovation and agility being key. The video also explores structural shifts in the market, with consumers becoming more mature and retail formats evolving.

What strategies are suggested to adapt to the new economic norm?

What are some of the challenges mentioned regarding the current economic environment?

How has the change in tourist mix affected the luxury market?

In what ways is the luxury market for kids expected to grow?

What does the speaker imply about consumer behavior in the luxury market?