(MENAFN) Michael Ward, the managing director of Harrods, shared his wealth of knowledge on retail luxury at the 9th edition of Retail Leaders Circle Middle East and North Africa Summit in Riyadh, Saudi Arabia. The two-day annual event brought together industry players in the retail sector from international brands to local franchise partners.
Ward, who undoubtedly occupies one of the most influential and exciting roles in luxury retail as head of the iconic British luxury department store, spoke about the fast-evolving retail sector in Saudi Arabia. He highlighted the integration of digital experiences with physical stores in Saudi malls as a key theme at the summit.
With a number of next-generation mall developments currently underway in the Kingdom, Ward believes that international retail will no doubt be learning from how these have incorporated digital technologies and immersive experiences. He also noted that the retail sector in Saudi Arabia is fast-evolving, and the country has the potential to become a major player in the global luxury goods market.
Ward's insights into the luxury retail market are invaluable, given his extensive experience in the industry and his role in transforming Harrods into the successful retail model it is today. His presence at the MENA Summit underscores the importance of the Middle East and North Africa region as a key market for luxury retail, and the potential for growth and innovation in this sector in the years to come.
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