Former Dixons chairman John Allan is tipped to be named as the next chairman of Tesco after his rival, Ian Cheshire, former chief executive of B&Q-owner Kingfisher, withdrew from the race. Cheshire is understood to have turned down the role because he wants another chief executive position rather than a chairmanship. His decision is likely... Continue Reading →
In Kirkby, Liverpool, the struggling retail firm has pulled out of a £200m regeneration scheme, which was to create 800 jobs - and residents are not happy The axing by Tesco of 49 new stores and closure of 43 others has sparked anger from “abandoned” towns. Residents, who hoped the shops would breathe life into... Continue Reading →
Retail sales across the Gulf region are forecast to grow annually by more than 7 percent to 2018, reaching a total of $284.5 billion, according to a new report. Food retail sales growth is anticipated to outperform the non-food retail sales due to higher demand for healthier and high-value food in the region, said the... Continue Reading →
Damas bolsters presence in GCC with 23 new stores Photo Credit:Reuters/Jumana ElHeloueh Damas, the Middle East's leading jewelry and watch retailer, has bolstered its presence in the region with the opening on 23 new outlets during 2014. The expansion complements Damas' new two store format strategy - the Damas retail outlets that showcase some of... Continue Reading →
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