Retail & Wholesale

Retail & Wholesale

Fortis secures $20m in Series A funding round

Fri, 19 Apr 2024

Dubai-based Fortis, a retail tech and fintech solutions provider tailored for SMEs, has announced the successful completion of Series A funding round, raising $20 million in investment led by Opportunity Venture (Asia).

Retail & Wholesale

Walmart chooses Swisslog ASRS powered by SynQ software

Wed, 17 Apr 2024

Swisslog has announced that Walmart will install a Swisslog automation solution within its Robinson, TX, facility to enable seamless material flow and increase uptime.

Retail & Wholesale

Cegid to launch its Point of Delivery to serve Middle East market

Tue, 16 Apr 2024

Cegid, a European leader in cloud management solutions for professionals in the Finance, Human Resources, Accountancy, Retail and Entrepreneurship sectors, is to launch a new Point of Delivery (PoD) in Dubai.

Retail & Wholesale

Spinneys to launch IPO; offers 25% of firm's share

Tue, 16 Apr 2024

Spinneys 1961 Holding, an operator of premium grocery retail supermarkets under the Spinneys, Waitrose and Al Fair brands has announced its intention to proceed with an IPO and to list its ordinary shares on the DFM in Dubai.

Retail & Wholesale

‘AI will drive hyper personalisation’ in luxury retail sector

Mon, 15 Apr 2024

Generative AI (GenAI) and other AI tools will transform retail over the next 12 months, according to ‘Retail Reimagined: Creating luxury customer experiences using data-driven insights’, a new report launched by Deloitte Global.

Retail & Wholesale

Gold prices hit record highs on Friday

Sat, 13 Apr 2024

Gold prices soared to a historic peak on Friday, with spot gold climbing 0.5% to $2,384.34 per ounce, said a report. Bullion hit a record high of 2,395.29 earlier in the session, while US gold futures also gained 1.2% to $2,401.80.

Retail & Wholesale

Celebrity beauty brands net over $1bn earnings in 2023, says report

Tue, 09 Apr 2024

Celebrity beauty brands have collectively netted more than $1 billion in sales in 2023 with Rihanna's Fenty Beauty topping the list followed by Priyanka Chopra Jonas’s hair care brand Anomaly and Kylie Jenner's cosmetics brand, according to a report.

Retail & Wholesale

UAE businesses brace for Eid surge

Mon, 08 Apr 2024

Businesses in the UAE are anticipating a significant surge in activity during Eid, which brings about a palpable sense of joy and festivity, accompanied by increased consumer spending.

Retail & Wholesale

Indian fashion brand SHREE unveils Afifa abaya collection

Mon, 08 Apr 2024

Indian fashion brand SHREE has unveiled its latest offering - Afifa Elegant Abaya Collection - at its stores in the UAE. The new Abaya collection, which draws inspiration from the tranquil desert landscape, embodies the essence of calmness and grace.

Retail & Wholesale

McArthurGlen launches EID Campaign 2024

Mon, 08 Apr 2024

McArthurGlen, Europe's leader in designer outlet shopping, has announced the launch of its EID Campaign 2024, which is celebration of luxury, fashion and culture.