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US retailers seek foothold in Dubai

As consumer confidence in Dubai has reached a seven-year high, US retailers, including Limited Brands, operator of the Victoria's Secret chain, and American Eagle Outfitters, are looking to secure a foothold in the emirate. Bloomberg has reported. US retailers, traditionally reluctant to enter the region, are coming to Dubai as sales in their domestic markets and other fashion capitals remain subdued. Management consulting firm AT Kearney has said that Dubai is the second-most attractive emerging market for retailers after China, in part because of the emirate's high disposable income.