Gucci, Burberry demand lower Hong Kong rents as market wilts

Luxury companies including Kering SA are demanding lower Hong Kong store rents to reflect the island city's waning appeal with wealthy Chinese shoppers. The owner of the Gucci brand may close some of its shops there if those costs don't come down, Kering Chief Financial Officer Jean-Marc Duplaix said late on Monday. UK trenchcoat maker... Continue Reading →

The Sultan Center brings Waitrose UK Retailer Products to Jordan

The Sultan Center brings Waitrose UK Retailer Products to Jordan The Sultan Center brings Waitrose UK Retailer Products to Jordan Kuwait - Being the premier retailer and one of the largest retailers across the Gulf and Middle East, The Sultan Center has been working closely with UK retailer Waitrose as an exclusive distributor for Waitrose... Continue Reading →

Pick n Pay plans new stores and jobs

PICK n Pay plans to employ 5,000 people a year as it opens new stores in Africa’s most advanced economy, the retailer said on Monday. Pick n Pay, which opened about 100 grocery stores last year despite subdued retail sales and gross domestic product growth of 2%, is aiming for "a bit more this year",... Continue Reading →

Tesco shelves 62 planned stores in UK

Tesco will not proceed with the development of 62 planned stores in the UK in order to cut down on costs. The move comes after the retailer posted £6.38bn in losses last year. According to figures compliled by Barbour ABI exclusively for The Telegraph, the number of stores being slammed is three times as many... Continue Reading →

Virgin Megastore opens first outlet in Al Ain

Virgin Megastore, a global leader in retail entertainment, has opened its first store in Al Ain at Al Jimi Mall, a leading shopping and leisure destination. The 400-sq-m location offers a wide array of merchandise, the same large selection available at most of the retailing chain’s other locations in the country. The first Virgin Megastore... Continue Reading →

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