In pictures : Dubai then and now

Sheikh Zayed Road, 1995 Photographer: Gulf News; observed by Asad Azizi, 29, Iranian, who has lived in Dubai all his life. This picture was snapped from the World Trade Centre, not long after the Crowne Plaza hotel was built – when they first proposed building it, everyone thought it was a mad idea to build... Continue Reading →

Emaar to add luxury apartments, hotel to Dubai Mall

Emaar Properties said it will expand Dubai Mall to include luxury homes, serviced residences and a new hotel as part of its 1m sq ft expansion. Emaar Properties, Dubai’s largest property developer, said it will expand Dubai Mall to include luxury homes, serviced residences and a new hotel as part of its 1m sq ft... Continue Reading →

SEPHORA Announces The 2013-2014 PRO Artists!

Zee Report::Fashion news SEPHORA Announces The 2013-2014 PRO Artists! SEPHORA is proud to announce the new SEPHORA PROs, a team of 17 elite beauty experts that will travel the Americas throughout 2013 and 2014, showcasing the highest level of beauty artistry on behalf of the brand. Selected from a nationwide search that included hundreds of... Continue Reading →

Express, Inc. Reports Third Quarter Results

Express, Inc., a specialty retail apparel chain operating more than 600 stores, today announced its third quarter 2012 financial results for the thirteen and thirty-nine week periods ended October 27, 2012, which compares to the same period ended October 29, 2011 last year. Michael Weiss, Express, Inc.'s Chairman and Chief Executive Officer commented: "The third... Continue Reading →

Pick n Pay opens fifth store in Zambia

SOUTH African grocery retailer Pick n Pay on Thursday opened its fifth Zambian store in Kitwe, the country’s second-largest city. The retailer, which opened its first store in Zambia in 2010, already had three stores in Lusaka and one in Ndola. Next year it plans to open more stores in Luanshya, Lusaka and Ndola. Pick... Continue Reading →

Franchising in South Africa ‘growing steadily’

FRANCHISING in South Africa has grown steadily, especially in the fast-food industry, but franchises still face challenges when expanding to other African countries and globally, says First National Bank (FNB). At FNB’s first franchising leadership summit in Sandton on Wednesday, the bank estimated that franchising in South Africa was growing between 5% and 7% a... Continue Reading →

Dunnes stores faces winding up petition

Ireland: Dunnes stores faces winding up petition Ireland-based retailer Dunnes Stores is facing a wind up petition over sunnesnon-payment of about €21.6 million for a shopping centre development in county Kilkenny. The retail chain is facing uncertainty after it failed to pay the money to development company Holtglen Ltd, which is now insolvent with loans... Continue Reading →

Irish retail sales hit 2012 high

Nov 28 (Reuters) - Irish retail sales volumes posted their largest growth this year in October, climbing 3.1 percent from a year earlier, government figures showed on Wednesday. Volumes were 1.7 percent higher in October than in September, also their largest monthly rise of the year, provisional data from the Central Statistics office showed. The... Continue Reading →

J.Crew Opening in London on Regent Street

Store on Regent Street Marks New Phase in Retailer's International Expansion J.Crew Group, Inc. has announced that it will open its first store outside of North America on Regent Street, in the heart of London's premier shopping district. The retailer secured a 17,000-square-feet location on the corner of Regent Street and New Burlington Street. The... Continue Reading →

UAE mulls 100% foreign ownership of companies

Officials in the UAE are reviewing a draft commercial law that will allow 100 percent foreign ownership of some companies. Officials in the UAE are reviewing a draft commercial law that will allow 100 percent foreign ownership of some companies, Bloomberg reported, citing the undersecretary of the Abu Dhabi Department of Economic Development. The Abu... Continue Reading →

Edcon Q2 loss narrows

Nov. 27 (Bloomberg) -- Edcon Holdings (Pty) Ltd., South Africa’s largest clothing retailer, said second-quarter sales rose and losses narrowed compared with last year as the retail environment improved slightly from the first quarter. The loss was 592 million rand ($67 million) in the three months through September, versus 1.2 billion rand a year earlier,... Continue Reading →

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Qatar's Harrods hires wife of former PM

Qatar-owned Harrods has announced that the wife of former British Prime Minister Gordon Brown has been appointed to its board Sarah Brown has returned to the world of business as a non-executive director at the luxury department store retailer. Brown has been appointed to advise on developing marketing plans, including corporate social responsibility programmes, UK... Continue Reading →

New Group CEO for Al Ghurair

Al Ghurair (also known as Al Ghurair Investment LLC) -- one of the largest UAE conglomerates with diversified businesses -- on Wednesday announced the appointment of Constantin Salameh as Group CEO. Salameh will lead multiple business units including Foods, Construction, Resources, Properties, Energy, Printing, Retail and Education. AbdulAziz Al Ghurair , company chairman expressed that... Continue Reading →

Mulberry warns on year profit

LONDON - Mulberry has become the latest luxury brand to warn on profit, blaming both lower-than-expected international retail sales and a shortfall on wholesale revenue. "Mulberry now expects group revenue growth for the year to March 31 2013 to be below market expectations," the firm said on Tuesday. "As a result of this, combined with... Continue Reading →

UK supermarkets say no to Naas

TWO major UK supermarket chains have ruled out the possibility of taking space in the unopened Naas Shopping Centre development in the centre of the town. The multi million development is now part of NAMA’s portfolio of commercial properties. Neither Sainsbury’s, which has a store in Newry, nor Asda have any plans to open a... Continue Reading →

Saudi's Jarir plans major retail expansion

Saudi Arabia-based bookstore chain Jarir Marketing Co plans to expand the number of its stores by at least 70 percent in the next five years to take advantage of the Gulf region's rapid population growth. The kingdom's largest listed retailer plans to spend SR120-150m ($32-40m) a year, or about 20 percent of retained earnings, on... Continue Reading →

Vacant NI shops twice the UK average

One in five local shops is empty, according to the NIRC Shop Vacancy survey. It's the highest rate in the UK - and if not for charity and pop up shops high streets would look pock marked with empty premises. With the Christmas shopping season getting into full swing, Aodhan Connolly from the Retail Consortium... Continue Reading →

Retailer Comet to close 41 stores

Stricken electricals retail chain Comet will close 41 stores by the end of the month unless a buyer can be found, administrators have confirmed. Redundancies were "inevitable" although administrators Deloitte said they would look to place staff from closing stores into other nearby outlets. Up to 500 jobs could be under threat at 27 of... Continue Reading →

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