All Middle East articles – Page 5

  • News

    Grocery retailer Shufersal posts third quarter results


    Grocery retailer Shufersal posted results for the third quarter. Net profit plummeted 59% to ILS29m (£4.9m) from ILS71m (£12m) for the same period last year. Revenue was up 4% to ILS3bn (£509m). It also announced that chief executive Ephraim Rosenhaus would step down after more than eight years in the ...

  • My-Wardrobe targets the Middle East

    My-Wardrobe targets the Middle East


    Luxury fashion etailer My-Wardrobe is aiming to “double or treble” sales in the Middle East region in next 12 months as it ramps up its marketing.

  • Burberry

    Burberry plots store refits and international flagship openings


    Luxury retailer and brand Burberry is to plough £80m into store refurbishments this year and focus on high-profile flagship openings after reporting a surge in profits.

  • George at Asda 21st birthday spring 11

    George at Asda turns 21 and sparks new plans


    George at Asda managing director Andrew Moore has set out three key planks for growth as the brand celebrates its 21st birthday this week.

  • Burberry sales

    No downturn for Burberry as sales soar in final quarter


    Luxury British retailer and brand Burberry expects earnings to come in at the top end of expectations after a strong final quarter.

  • Stephen Sunnucks

    Bigger role for Sunnucks as Gap picks London as its non-US base


    US fashion giant Gap is to take advantage of the UK’s “great retail talent” by making London its new international hub as it improves efficiencies across the business.

  • News

    Alon Holdings Blue Square


    Alon Holdings Blue Square has reported its financial results for the year ended December 31 2010. Revenues soared 25.6% to ILS9.2bn (£1.6bn). The supermarket segment increased revenue by 0.5% from ILS6.9bn (£1.2bn), while the non-food segment had a revenue drop of 5.5%, mainly due to poor homewares sales. Alon Holdings ...

  • News

    Emke Group steps up investment in Bahrain to increase stores


    Bahrain UAE-based Emke Group is to increase its investment in Bahrain to BHD200m (£341.2m) to expand its retail operations. The group, which recently opened its third Lulu hypermarket in Bahrain at Ramli Mall in A’ali, expects to add another 600,000 sq ft hypermarket in Hidd this year that will be ...

  • News

    Ikea United Arab Emirates flagship to open in 2012


    Ikea ’s United Arab Emirates flagship at Yas Marina is set to open in February 2012 and management expects to welcome 1.3 million visitors in the first year, it has been reported. The 355,220 sq ft store is more than three times the size of the Abu Dhabi Marina Mall ...

  • News

    Alon Holdings Blue Square Q3 sales down 0.2%


    Supermarket operator Alon Holdings Blue Square reported total sales down 0.2% to ILS1.92bn (£330m) in the third quarter ended September 30 as a result of a decrease in non-food revenue. This was partially offset by a 0.2% increase in like-for-like sales, compared with a 2.5% decline in the prior year ...

  • News

    Bath & Body Works launches in Dubai and Kuwait


    Limited Brands’ Bath Body Works is launching in the Middle East with the opening of six stores in Dubai and Kuwait. It already has La Senza lingerie stores located in the countries, but the new stores will mark Bath Body Works’ first entry into markets ...

  • News

    First overseas Bloomingdale’s set for Dubai


    Macy’s chairman, president and chief executive officer Terry J Lundgren has revealed the first Bloomingdale’s store overseas - a 200,000 sq ft unit opened in February in Dubai and licensed to Al Tayer Insignia - is already contributing to corporate earnings. He also disclosed at the company’s AGM that the ...

  • News

    Pottery Barn to open in Kuwait


    Home furnishings retailer Williams-Sonoma will open its first Pottery Barn and Pottery Barn Kids stores in Kuwait on June 16 as part of a multi-year deal with MH Alshaya Company. The 17,220 sq ft Pottery Barn and 8,070 sq ft Pottery Barn Kids stores will be located at The Avenues ...

  • News

    Carrefour to enter Iraqi market


    Carrefour has unveiled more details about its entry into the Iraq market. The retailer’s franchise partner in the Middle East, Majid Al-Futtaim, is looking to open its first Iraq store in September at the Family Fun Mall, a premium shopping and entertainment complex soon to open in Erbil in ...

  • News

    Al Hokair to expand in the Middle East


    The board of Saudi Arabian retailer Al Hokair has approved an expansion plan that covers Kazakhstan and could eventually include Egypt, Jordan and the United Arab Emirates. The group, which specialises in fashion retailing - including franchises for Inditex and M S - and foodservice, would not disclose ...

  • RW Tesco basket

    Tesco holds talks with Tony Blair


    Tesco is understood to have held talks with former Prime Minister Tony Blair about helping the grocer to move into the Middle East.

  • News

    Best Denki set for expansion in India and Middle East


    Consumer electronics retailer Best Denki will team up with Indonesian construction company Bangun Persada Tata Makmur to open stores in India and the Middle East over the next three to five years The retailer already has 45 overseas stores in eight countries outside Japan, including Singapore and Malaysia, and runs ...

  • Matalan Stockport 051

    Matalan heads to Jordan for first overseas foray


    Value fashion and homewares retailer Matalan has opened its first overseas store in Amman, Jordan.

  • Matalan Amman Entrance

    First overseas Matalan store opens


    Matalan opened its first store outside the UK last week, in Amman, Jordan.