Recession: “We Are Missing Nigerians” – Dubai Luxury Shops Cry Out

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.

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