Dubai Duty Free is expecting to double its sales to more than Dh10 billion ($2.72 bn) by 2018, compared to last year's 15 percent rise. Colm McLoughlin, Executive Vice President of Dubai Duty Free, has said this year's sales...
Sources inside Indian government insist plans to open up the retail industry have been put on hold, days after giving a formal nod to global retail giants. Opposition parties and senior figures within the government openly criticised the move...
India's chief economist has warned suffering of country's millions of poor people will continue if global supermarket chains are not let into Indian retail industry. Speaking to the Times newspaper, Kaushik Basu, one of Prime Minister Manmohan Singh's influential advisers,...
It was a perfect Thanksgiving gift to the global retailers by India. On Friday, India announced that it will open up its US$451 bn retail sector to foreign companies. Global multi-brand companies like Carrefour, Tesco, Wal-mart and others have got...
This year Wal-Mart Stores Inc. has been struggling to keep its image as the store that offers the lowest prices. THE STORY It has managed to show profits over the second quarter but its low-income customers worried about job security, rising...
After two years, Unilever has been able to celebrate the highest price growth. Shares rose by 5.1% in the second quarter, soaring well above the 2.6% median estimate of 9 analysts surveyed by Bloomberg News. Product Promotion The high price growth...
Though shoppers in the Middle East are not aware of the company, Unilever; products coming from this global giant is used on a daily basis. The Anglo- Dutch conglomerate sells fast moving consumer goods such as personal care, cleaning,...
Dubai Duty Free retained its position as the largest single airport retail operation in the world in terms of turnover, which in 2010 was Dhs4.66 billion (US$1.27 billion). Dubai Duty Free has recorded a 16.6 per cent increase in sales...
Expat run illegal businesses face axe in Saudi Arabia as the Ministry of Labour takes measures to combat tasattur or "cover-up businesses", according to a latest report in the Saudi Gazette newspaper. According to the Ministry, the move would...
Ron Johnson, the top retail executive for Apple is set to resign from his present post in Apple. The shift which is expected to happen by November this year is to fill the role vacated by Myron E Ullman...
The Ministry of Economy (MoE) has confirmed the news that prices of essential commodities, including vegetables will be reduced up to 25% during the Holy month of Ramadan. The list includes food items such as rice, oil, flour, tea,...
The Middle East mainly Dubai has been known as one of the best retailer markets in the world. Everyone used to talk about the perfumes in Dubai, the handbags etc. well the middle east seems to be keeping up...
Gitanjali Gems had acquired Italian jewellery chain Giantti Italia for $ 15 million. This acquisition was in line with Indian companies taking the lead in the global playing field and owning up operations. This is a downright about turn...
Shoppers world over will have to pay more to buy toys as presents, this Christmas as China increases wages. Hundreds of toy makers at the China Import and Export Fair, have been charging more, as the Chinese economy is...
In times of an economic slump, when sales plummet to an appalling low, business owners often tend to get discouraged and despondent. They try to find short-cuts to get themselves back in the running. But business experts say that...