London’s Zuma plans to open Abu Dhabi restaurant

Zuma, the iconic London restaurant, has announced plans to bring the brand to Abu Dhabi by the end of 2013. Rainer Becker, co-founder and creator of Zuma, which has successfully launched six outposts at the wound the world, including Dubai, will open in the UAE capital in late 2013, a statement said. It added that... Continue Reading →

Lals Group to open 50 Daiso stores

These stores will be opened across the Gulf countries in the next 3 years Thursday, March 07, 2013 Lals Group, which owns franchise of the Japanese retailer Daiso in the Gulf, expects to open another 50 stores in the GCC over the next three years. Jayant Ganwani, Vice Chairman and CEO of Lals Group, said... Continue Reading →

Waterstones to close six campus stores

Bookseller Waterstones is to close six of its stores on university campuses. According to The Bookseller magazine, the retailer has entered into a consultation with the 28 staff affected by the closures although it hopes to redeploy as many as possible to its other stores. The stores will close on 26 April and include the... Continue Reading →

Hotter opens 50th store

Footwear retailer Hotter is celebrating the opening of its 50th branded store after a period of rapid expansion. The launch of the Milton Keynes store will be followed by 20 more openings in 2013, with the creation of 200 jobs. The multi-channel retailer, which three years ago had only five stores, manufactures 1.5 million pairs... Continue Reading →

Saudi to erect partitions in retail outlets

Male and female retail employees in Saudi Arabia will be forcibly separated by a partition while working, according to the official Saudi Press Agency. The strict guidelines contained in a memorandum of understanding between the Ministry of Labour and the Commission for Promotion of Virtue and Prevention of Vice (CPVPV), the kingdom's religious police, states... Continue Reading →

Tesco launches online video service

British retailer Tesco has launched an online video service that targets holders of its loyalty card with advertising as they watch free movies and TV shows. The Clubcard TV service, free to the grocer's 16 million Clubcard holders in the UK, is consistent with Tesco's strategy to personalise its promotional and marketing activity, which the... Continue Reading →

Saudi retail sector to grow – report

Saudi Arabia’s retail sector is set to continue growing according to a new report, despite concerns over wage inflation due to Saudization of jobs. The NCB Captial report says that expansions through the openings of new stores, margin support from economies of scale, and consolidations of fragmented markets are key drivers of profit growth, but... Continue Reading →

REVEALED: 100 most powerful Arab women 2013

See the complete Arabian Business list of the 100 most powerful Arab women in the world today........ UAE Minister for Foreign Trade Sheikha Lubna Al Qasimi has topped the list of the world’s 100 most powerful Arab women, published on Monday by CEO Middle East. It was Sheikha Lubna’s third successive year in pole position,... Continue Reading →

Pick n Pay deputy CEO stays on

Johannesburg - Retailer Pick n Pay Stores said on Wednesday that deputy CEO Richard van Rensburg will stay on a deputy CEO. Johannesburg - Retailer Pick n Pay Stores [JSE:PIK] said on Wednesday that deputy CEO Richard van Rensburg will stay on a deputy CEO. He was appointed to the executive position of deputy CEO... Continue Reading →

IKEA to open store on March 11 in Qatar

DOHA: IKEA, the globally renowned home products company that designs and sells ready-to-assemble furniture and accessories, has confirmed the official opening of its new store in Qatar. The doors of the new store will open at 10am on March 11. In a press statement to The Peninsula yesterday, IKEA said the store will be open... Continue Reading →

Debenhams Hit by New Profit Setback as

Debenhams Plc (DEB), the U.K.’s second- biggest department-store company, said fiscal first-half profit will miss estimates after January snowfall hurt sales and caused the retailer to offer deeper discounts to shift inventory. Pretax profit will fall to about 120 million pounds ($180 million), from 127.1 million pounds a year earlier, the London- based company said... Continue Reading →

Tesco poaches Sainsbury’s and Facebook execs

Gavin Sathianathan will operate as Managing Director of Blinkboxbooks, a new e- books service set up following the acquisition of Mobcast last September and previously worked as Facebook’s Head of Retail for EMEA, where he took charge of the retail industry’s adoption of social networking. Sathianathan said of his new role: “Technology is changing how... Continue Reading →

Profits at IKEA’s Dublin outlet take a slump

Profits at the Dublin outlet of Swedish furniture giant Ikea have slumped even though shoppers are still forking out nearly €2m a week on everything from wardrobes to fish and chips. New accounts just filed for the retailer's outlet in the capital reveal that although sales remained virtually unchanged at €102.7m in the year to... Continue Reading →

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