News brief

According to Euromonitor International, in 2016, the average transaction for beauty products reached US$239 per capita in the U.A.E. The country ranked 7th in the world for beauty spending, a rise...

26 February 2018

In Dubai, the Ibn Battuta Mall posted a record of traffic

In 2017, the Ibn Battuta Mall (owned by Nakheel) recorded 21 million visitors, driven by an influx of tourists, new residential developments in surrounding areas and

26 February 2018

Mirkaaz, THE MALL OF THE MONTH

Built by Chinese contractor CSCEC (China State Construction Engineering Corporation), the construction of the US$136 million Mirkaaz mall in Ajman city, U.A.E., started in January 2018, with an...

26 February 2018

Hema ventures in the Middle East

The unprofitable retailer Hema (which sells fashion, designer homeware products, cosmetics, etc.) is venturing outside Europe with the imminent opening of a store in Dubai in the United Arab...

26 February 2018

Lululemon searches a C.E.O

Laurent Potdevin resigned in January under questionable and unexplained circumstances, with an exit package of US$5 million. The C.E.O. “fell short” of Lululemon’s standards...

26 February 2018

“2018 will be a difficult year for Amazon”

That is what Jerome Gayet, Head of BDC Consultants said following the NRF Big Show in New York in January 2018. Amazon will face a plethora of new competitors issued from

26 February 2018

GPA and Carrefour compete for market leadership in Brazil

In 2017, Carrefour posted gross revenue of US$16.2 billion (+6.1% from 2016) while GPA expanded its revenue (including petrol stations) by 8.2% to US$15 billion. The revenue gap between both firms...

26 February 2018

Corporate tax rates fall in the U.S

In the U.S., the tax overhaul will decrease the 2018 corporate tax rate on companies’ profit from 35% to 21%, following the new laws passed by the Senate in December 2017.

26 February 2018

Can Amazon do with fashion what it did with books ?

As Amazon.com became the world’s 6th biggest retailer by sales in 2016 (sales from the digital market place excluded), the core success of selling books will not be as straightforward when...

26 February 2018

Wojooh, THE CONCEPT OF THE MONTH

The Chalhoub Group, specialised in luxury brands expanding in the Middle East region, is making inroads in Latin America. It will roll out its beauty banner called “Wojooh” in Costa...

26 February 2018

Dune London sparkles this year

British footwear retailer, Dune London, recorded an increase in like-for-like retail sales of 5.2% for its full-year period to January 2018, despite a challenging retail environment in the U.K...

26 February 2018

Ikea is testing renting out and buying back furniture

In Japan, Ikea has undertaken a more sustainable business venture: renting out and buying back their own furniture. The new concept is an effort to become more environmentally-friendly. The...

26 February 2018

Zara opens its first click-and collect-store

Zara is opening a first store solely dedicated to click-and-collect orders at Westfield Stratford City in east London. The 200 sq.m GLA store is designed to support ordering and collection of...

26 February 2018

Kering bets on luxury

Eager to focus on its luxury labels of Gucci, which generated 70% of Kering’s total profit in 2017, the luxury giant aims to split off Puma through a share offer. This is valued at €5.8...

26 February 2018

Creative Space, the Concept of the Month

Located in posh Frederiksberg, a fashionable part of Copenhagen, Denmark, with excellent shopping opportunities and green spaces, Creative Space is an original retail concept covering 186 sq.m in...

26 February 2018

Swiss shoe maker Bally under Chinese flag

So far, Chinese used to be among the world’s biggest consumers of luxury products. They are now direct investors into luxury firms. The fashion group Shandong Ruyi (owner of Sandro, Maje...

26 February 2018

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