Thursday 5 March 2015

3 new retailers open at City Centre Qurum

City Centre Qurum, a family destination of choice developed by Majid Al Futtaim in Oman, has opened three new retail stores, demonstrating its commitment in sustaining the changing demands of the community. The newly-opened stores


US clothes retailer files for bankruptcy

Wet Seal became the fourth US apparel retailer to file for bankruptcy in two months as the sector struggles with growing competition and lower spending by teen shoppers. The company said its shift away from fast-fashion clothing,


ME retailer Azadea eyes $500m from stake sale

Azadea Group, a retailer with franchise rights for brands such as Gap, Zara and Superdry across the Middle East, aims to raise up to $500 million with the sale of a minority stake in the business, sources aware of the matter told Reuters.

More… plans Black Friday-style sales event

Dubai-based, one of the Middle East's largest e-commerce businesses, aims for high double-digit revenue growth as it introduces Black Friday-type discount events to help lure shoppers from the city's retail malls.


Jarir Marketing to double stores over five years

Saudi Arabian retailer Jarir Marketing Co plans to invest SR1.1 billion ($293 million) over the next five years to roughly double the number of its stores in Saudi Arabia and the Gulf, its chairman said. The kingdom's largest


Qatar retailer to open 8 new malls

Al Meera, a leading retail chain in Qatar, said work was on track for the opening of all the eight new malls in the country by the end of this year. The company officials announced this at the launch of its new branch in Legtaifiy


Al Meera H1 net profit up 95pc

Al Meera, a leading retail chain in Qatar, said its net profit for the first half grew by 95.8 per cent to QR112.8 million  ($30.9 million) compared to QR57.6 million for the same period last year. Dr Mohamed Nasser Al Qahtan


Saudi retailer Alhokair eyes $560m capital boost

Saudi Arabian retailer Fawaz Abdulaziz Alhokair proposed doubling its capital through a one-for-one bonus issue, the firm said on Wednesday. Alhokair, which franchises brands such as Zara and Marks and Spencer in the kingdom, said


Al Meera launches new Ramadan offer

Al Meera, a leading retail chain in Qatar, has announced plans to launch a wide array of amazing offers in all its branches across Qatar for Ramadan. The offers will include sale of 1,000 consumer products at cost price, said the


India likely to ease curbs on online retailers

India could allow global online retailers such as to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets.

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