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The Emirates move to attract tourists
Hotel occupancy in Abu Dhabi fell by 10% in October 2016 (to 73%) within a supply surplus. The length of stay dropped by 9% year-on-year to 2.8 nights. As a result, the government introduced...
12 January 2017
Amazon is eager to invest in the Gulf’s biggest online retailer
Amazon is in discussions to buy a stake in Souq. com, the region’s biggest e-commerce site. In December, Al Tayer Group, which runs Bloomingdale’s, Crate & Barrel, Coach and...
12 January 2017
Cash-on-delivery leads in the Gulf region
In the U.A.E., 70% of payments to online retailer Sivvi.com (which sells 140 fashion brands, average ticket of €90) are by cash when delivered. In Saudi Arabia, this is 85%. “The...
12 January 2017
Saudi firm invests in McDonald’s in South-East Asia
The Saudi Arabian firm Lionhorn, led by Sheik Fahd and Abdulrahman Alireza and franchisee for 100 McDonald’s restaurants in Saudi Arabia, has purchased new franchise rights for Singapore and...
12 January 2017
Barnes & Noble goes further in catering services
The U.S. bookstore chain (sales down by 3.5% in the quarter to October) is testing a fullservice restaurant named “Barnes & Noble Kitchen” at 3 U.S. locations (2,000 sq.m, 120...
12 January 2017
A French-U.S. giant for children’s clothing is born
After months of discussions, the French retailer Orchestra-Premaman finally signed a deal in December 2016 to buy U.S. rival Destination Maternity, which is valued about US$100 million. The deal...
12 January 2017
Victoria’s Secret has high ambitions in China
In 2017, the U.S. lingerie retailer plans to sell products on Tmall, Alibaba’s online marketplace. “We look at China as a 2nd home market with a potential equal to the U.S.,”...
12 January 2017
Fashion retailer Jennyfer lands in Guatemala
In December, the discount retailer Jennyfer opened its 1st stores in the capital of Guatemala, in Oakland Mall and Naranjo Mall. They cover 198 sq.m GLA and 190 sq.m GLA respectively. Jennyfer...
12 January 2017
56% of Russians regret the fall of Soviet Union
According to a poll conducted by the Levada Centre Institute in November 2016 for 1,600 people in 134 Russian cities, 56% of the polled people regretted the collapse of the U.S.S.R. 28% felt no...
12 January 2017
The British retailer Tesco enters East Africa
Tesco made a debut in Kenya via the F&F fashion chain. The first store opened in December 2016 in The Hub (Karen vicinity in Nairobi), where Majid Al Futtaim already operates a Carrefour...
12 January 2017
Koton launches a 1st German store
The Turkish fashion retailer Koton has opened a first German store in Hamburg, within the Vattenfall retail space (developed by Centrum) located on Spitalerstrasse, where annual retail rents for...
12 January 2017
A female C.E.O. Boosts sales
According to a study of 800 Italian firms by Luca Flabbi,
12 January 2017
MARKA CHIEF RESIGNS
Marka Group, the Dubai-listed retailer, announced the resignation of C.E.O. Nick Peel in late December 2016. Marka operates the 3 branches of Marka Sports,
12 January 2017
Marks and Spencer Chairman to step down
At Marks&Spencer, 2016 has been the year of radical changes. After the resignation of C.E.O. Marc Bolland and the arrival of Steve Rowe in January, the British retailer has announced that...
12 January 2017
Can Malaysia solve retail oversupply
Moving to reduce the glut of retail space in Malaysia, the Retail Chain Association (300 retailers operating over 20,000 stores in the country) requested that the government temporarily freeze the...
12 January 2017
Ikea aims to modernise Indian retailing practices
By the end of 2017, the world’s largest home furnishing retailer Ikea will inaugurate its 1st Indian store in Hyderabad (in Telangana State, created in 2014 from Andhra Pradesh) and a few...
12 January 2017
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