United Arab Emmirates - Abu Dhabi - Dic. 03 - 2008 : A man a leave Marina Mall after shopping. ( Jaime Puebla / The National ) *** Local Caption ***  JP15 SHOPPING.jpgJP15 SHOPPING.jpg
A shopper leaves Marina Mall in Abu Dhabi with his purchases.

Mixing retail theory with retail therapy



A lecturer is allowing his business students to mix retail theory with a touch retail therapy by holding field trips in shopping malls. Dr Nnamdi Madichie recently took a group of students from the University of Sharjah to the Mall of the Emirates to study marketing, consumer behaviour and the diversity of the UAE's economy as part of their bachelor of business administration course. It was the first of what he hopes will become regular trips. His next will be to Dubai Festival City in the new year.

"It's hands-on, something that helps them appreciate how consumers behave in a real retail environment rather than something in a classroom," Dr Madichie said. "It's a real-life lesson and I even gave them a lecture in the mall. "They thought it was innovative teaching. It was getting them out of Sharjah to Dubai to see what they are learning about; how it plays out in the real world. "It worked quite nicely for them because it was coming to the end of the semester, so it was something different."

One topic the students look at is income and social class. They studied a range of shops to understand how these are reflected in retail. Dr Madichie said a good example for the 15 female students was Centrepoint, a multi-brand centre with fashion stores for different age groups. "It has brands aimed at different market segments, something for everyone," he said. "Marketers need to understand how consumers think and tailor their products to that thinking."

Another area of interest was an indoor copy of a high street, with many top-end fashion stores. "They have structured it so it looks like a place outdoors you're walking down, like a street in Milan or Paris. "They picked up a dress that was about Dh25,000 (US$6,800). You could tell by looking at the shops they were targeted at the rich - international brands at the high end of the market." The UAE is sometimes described as having a "dual economy", in which people can pay widely varying prices for similar goods or services, depending upon how much they are prepared to spend.

"There are retail outlets targeted at the high end of the market and at the mass market. This is all accommodated within the system so no particular market segment is excluded," said Dr Madichie, a Nigerian national who moved from teaching posts in England to the UAE in August. dbardsley@thenational.ae

Brief scores:

Toss: Nepal, chose to field

UAE 153-6: Shaiman (59), Usman (30); Regmi 2-23

Nepal 132-7: Jora 53 not out; Zahoor 2-17

Result: UAE won by 21 runs

Series: UAE lead 1-0

Profile of Udrive

Date started: March 2016

Founder: Hasib Khan

Based: Dubai

Employees: 40

Amount raised (to date): $3.25m – $750,000 seed funding in 2017 and a Seed+ round of $2.5m last year. Raised $1.3m from Eureeca investors in January 2021 as part of a Series A round with a $5m target.

Drishyam 2

Directed by: Jeethu Joseph

Starring: Mohanlal, Meena, Ansiba, Murali Gopy

Rating: 4 stars

How it works

1) The liquid nanoclay is a mixture of water and clay that aims to convert desert land to fertile ground

2) Instead of water draining straight through the sand, it apparently helps the soil retain water

3) One application is said to last five years

4) The cost of treatment per hectare (2.4 acres) of desert varies from $7,000 to $10,000 per hectare 

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

Company profile

Name: Maly Tech
Started: 2023
Founder: Mo Ibrahim
Based: Dubai International Financial Centre
Sector: FinTech
Funds raised: $1.6 million
Current number of staff: 15
Investment stage: Pre-seed, planning first seed round
Investors: GCC-based angel investors

The Color Purple

Director: Blitz Bazawule
Starring: Fantasia Barrino, Taraji P Henson, Danielle Brooks, Colman Domingo
Rating: 4/5

Results

2.30pm: Handicap (PA) Dh40,000 1,700m; Winner: AF Mezmar, Adam McLean (jockey), Ernst Oertel (trainer).

3pm: Maiden (PA) Dh40,000 2,000m; Winner: AF Ajwad, Tadhg O’Shea, Ernst Oertel.

3.30pm: Handicap (PA) Dh40,000 1,200m; Winner: Gold Silver, Sam Hitchcott, Ibrahim Aseel.

4pm: Maiden (PA) Dh40,000 1,000m; Winner: Atrash, Richard Mullen, Ana Mendez.

4.30pm: Gulf Cup Prestige (PA) Dh150,000 1,700m; Winner: AF Momtaz, Saif Al Balushi, Musabah Al Muhairi.

5pm: Handicap (TB) Dh40,000 1,200m; Winner: Al Mushtashar, Richard Mullen, Satish Seemar.

Teri Baaton Mein Aisa Uljha Jiya

Directors: Amit Joshi and Aradhana Sah

Cast: Shahid Kapoor, Kriti Sanon, Dharmendra, Dimple Kapadia, Rakesh Bedi

Rating: 4/5

COMPANY PROFILE

Name: Kinetic 7
Started: 2018
Founder: Rick Parish
Based: Abu Dhabi, UAE
Industry: Clean cooking
Funding: $10 million
Investors: Self-funded

THE BIO:

Sabri Razouk, 74

Athlete and fitness trainer 

Married, father of six

Favourite exercise: Bench press

Must-eat weekly meal: Steak with beans, carrots, broccoli, crust and corn

Power drink: A glass of yoghurt

Role model: Any good man

The specs

Engine 60kwh FWD

Battery Rimac 120kwh Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) chemistry

Power 204hp Torque 360Nm

Price, base / as tested Dh174,500 

57 Seconds

Director: Rusty Cundieff
Stars: Josh Hutcherson, Morgan Freeman, Greg Germann, Lovie Simone
Rating: 2/5


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