Wednesday 26 November 2014

UAE ranked 4th most attractive retail market

The UAE climbed to fourth position among the most attractive retail markets globally, on the back of retail sales growing at five per cent and annual sales crossing $66 billion, according to a recent report. The A T Kearney Global

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.


STME on track to post 64pc Mideast sales growth

STME, a leading solutions provider and systems integrator in the Middle East, is on track to post a 64 per cent sales growth this year compared with the previous year as demand for enterprise IT solutions in the region remains buoyant.


Gitex Shopper records over $70m in sales

The Gitex Shopper 2014, a leading bi-annual consumer IT and electronics show in the Middle East, generated an estimated Dh259 million ($70.5 million) in sales. The participating retailers and world brands delivered the latest tech


BASF cuts forecasts on Europe sales woes

Germany's BASF SE, the world's largest chemicals company by sales, cut its earnings forecasts and its projections for the broader market yesterday, becoming the latest industrial group to fall victim to weak demand in its main European m


BMW sales surge 36pc in Bahrain

Euro Motors continues its surge forward for BMW and Mini sales this year with the BMW Group importer reporting a 36 per cent increase in sales for the three quarters of the year compared with the same period in 2013. “This y


Jarir Marketing Q3 net profit climbs 9pc

Saudi Arabian retailer Jarir Marketing met analyst expectations as it posted a 9 per cent increase in third-quarter net profit on Monday due to higher sales. Jarir made a net profit of SR203 million ($54.1 million) in the three mo


Kia Motors sales figures up 4.8pc

Kia Motors Corporation, a leading South Korean automobile manufacturer, announced recently its global sales figures, which represents a 4.8 per cent year-on-year increase. The sales figures include export sales, domestic sales and


Toyota’s Mideast sales top 350,000 in H1

Toyota has announced sales of 356,805 units in the Middle East in the first half of 2014, reflecting a six per cent growth in sales as compared to the same period of last year. “The consistent growth in sales during the firs


H&M plans expansion in US and China

Fashion retailer Hennes & Mauritz (H&M) said it plans to expand its business over the coming year by increasing online sales and opening new stores, particularly in its largest markets, the US and China. Chief executive Ka

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