All Middle East articles – Page 5
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AnalysisAnalysis: How to sell to Middle Eastern tourists
Tourists from the Middle East have been big spenders in UK retail for a few years now, but July’s year-on-year rise of 104% is large even by their standards. What do Middle East shoppers like so much about the UK, and how can retailers make the most of this?
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News
Shufersal to launch new supermarket chain
Shufersal is to launch Yesh Behesed, a new supermarket chain targeting haredi (ultra-orthodox) communities, Globes reports.Initially, seven Yesh brand discount supermarkets will change to the new format, while one new store will open in Bnei Brak.
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AnalysisHow to attract international shoppers
As a big summer of tourism approaches, Alison Clements finds out why the UK has such appeal to international shoppers, what they like to buy and how retailers can attract them.
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NewsAurora: Focusing on growth
The fashion group is driving success by focusing on multichannel and overseas growth.
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AnalysisProfile: Aziz Tayub, Poundstretcher owner, chairman and chief executive
He may shun the spotlight, but the Poundstretcher boss has drawn the industry’s attention with plans to expand into the Middle East.
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NewsThe Body Shop records 'solid' growth
The Body Shop enjoyed a 4.2% increase in like-for-like sales growth in 2011 following a “militant” approach to innovation.
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Carrefour opens first hypermarket in Iraq
French grocer Carrefour has entered Iraq with the opening of its first hypermarket at Erbil’s Family Mall. The 107,640 sq ft store is the first of several Carrefour hypermarkets to open in partnership with Erbil-based Darin Group, Majid Al Futtaim Retail’s partners in Iraq.The opening of Iraq’s first Carrefour ...
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News
Casino signs joint venture with Al Meera Holding Company
French retailer Casino has signed a joint venture with Qatar’s Al Meera Holding Company to manage proposed retail partnerships in North Africa. The co-operation will be registered under ALGE Retail Corporation and based in Geneva, Switzerland, initially managing projects in Tunisia, Libya, Egypt and Jordan. Al Meera will own a ...
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Carrefour franchise partner to open new stores
Carrefour’s franchise partner Majid Al Futtaim plans to open 15 Carrefour hypermarkets and 30 supermarkets this year. Majid Al Futtaim chief executive Iyad Malas said: “We will complete the construction of two malls (Fujairah City Centre and Beirut City Centre) and expect to start construction in Cairo at our Mall ...
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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 job. ...
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NewsMy-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.
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NewsBurberry 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.
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NewsGeorge 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.
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NewsNo 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.
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NewsBigger 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.
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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 Blue Square ...
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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 the ...
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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 store ...
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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 ...
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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 outside of the ...