Lower demand and higher local wages are expected to drag growth in Saudi Arabia’s retail sector, says NCB Capital.
Both firms are franchisee holders for the distribution of Pepsi Co products.
Brands in the Middle East are failing to deliver loyalty programmes relevant to consumers’ needs, according to a survey.
The mall, set to become the largest shopping destination in the Sultanate, will house 350 stores.
The company plans to open 50 restaurants across the Kingdom in the coming years.
The retailer plans to invest over $1 billion annually over the next five years on expanding its business.
UAE’s strong growth in its retail sector is expected to boost the country’s apparel industry.
Mall of Qatar’s general manager says the complex will set the standard for malls internationally.
The group hopes that the investment will create employment opportunities for around 1800 to 2000 people.
The UAE’s e-commerce industry has good growth potential and infrastructure but poor consumer behavior and market size.
The luxury accessories retailer is selling the concept of ‘affordable luxury’ to Middle East’s shoppers.
MAF was in advanced negotiations to buy Mansour Group’s Metro chain and discount grocery store.
MAF’s expansion plans come on the back of a potential retail boom in Sharjah.
GCC jeweller Damas has declared its global ambitions with the intention to expand the Damas brand to the largest jewellery markets and fashion capitals of the world. Gulf Business spoke to Damas CEO Anan Fakhreddin just after the announcement.
The retail conglomerate plans to expand open 34 new Sports One stores across the region by 2016.
E-content in e-commerce platforms are driving overall sales, industry experts say.
Marco Bonapace, founder of Vision EyeWear, explains how boutique brands can crack the sunglasses market.
Cobone is looking to tap into the Gulf’s booming online travel industry by offering greater features.
The Entertainer has been on a major expansion drive following investment by Abraaj Capital.
With the number of UAE smartphone users on the rise, opportunities for mobile retail is growing.
Dubai International Capital is in negotiations to sell its 18 per cent stake in Rivoli Group to Saudi-based Al Rajhi Capital, say sources
The new mall features 160 shops, over 20 dining outlets and an eight-screen cinema.
Mezzan is buying Unitra Mets Group (UMG) from Abu Dhabi-based Invest AD
Abu Dhabi is significantly ramping up its retail offering and may even steal market share away from Dubai.
International food event to showcase Kingdom’s market potential.
The new financing will be used to speed up plans for regional expansion, with GlamBox hoping to deliver its first products to Saudi before the end of the year.
The Deira-based mall will feature over 130 new stores including Marks & Spencer, Mango and Omega.
MAF had a Carrefour store in Aleppo shut down as a result of the violence in Syria.
The UAE’s airport retail sector has benefitted heavily from increased passenger traffic in the country.
The restaurant will be owned and operated by franchise partner Awgal investments and Menfex, the brand developer for Mooyah.