#Retail

Five best practices to aid hybrid retail strategies in the Middle East

Just as employers are having to contend with the inevitability of hybrid work, retailers must also prepare themselves for a hybrid-shopping future

Power Letters 2022: Mohammad A. Baker, deputy chairman and CEO, GMG

Whether it is acquiring new international brands or developing homegrown concepts, when an opportunity presents itself, we go after it

Dubai Duty Free records Dhs87m worth of sales in three-day promotion

The retailer offered a 25 per cent discount on a range of merchandise over three days from December 18-20

UAE retailer GMG gets Nike distribution rights for Egypt, Iraq

GMG will become the official distributor partner for Nike in Egypt by June 2022, covering everything from brand management to retail and distribution

UAE businessman Majid Al Futtaim passes away

Having founded the Majid Al Futtaim group in 1992, the businessman oversaw its growth into a massive retail conglomerate across the region

Dubai Shopping Festival begins on December 15: Here’s what it features this year

The event – currently in its 27th edition – will run until January 30, 2022

Abu Dhabi’s ADNOC Distribution launches next-gen retail concept

The first new generation store has been opened at ADNOC’s Sheikh Khalifa Energy Complex

Over 60% of UAE consumers already holiday shopping to avoid supply chain issues

New Oracle survey finds UAE consumers on edge over high prices, out-of-stock products, and delivery delays

85% of job seekers in UAE feel their roles can be performed remotely – survey

Nearly 21 per cent of job applicants also said that they had relocated since the start of the Covid-19 pandemic

Biggest Abu Dhabi developer is shopping for large property deals

The company, armed with $1.85bn in capital, has the resources to make purchases both in its home market and around the UAE

Dubai Airport

Dubai rolls out new food and duty-free delivery service for airport passengers

The DXB&more service will allow food orders and duty-free shopping to be delivered to customers directly at their boarding gates or lounges

Noon.com to raise $2bn from backers including Saudi’s PIF

The investments from the Public Investment Fund and others will be used to upgrade infrastructure and help speed up deliveries

Majid Al Futtaim to hire 3,000 Emiratis to support UAE government’s Nafis programme

Renewed focus lies in Emirati talent development, training and upskilling opportunities through the MAF leadership institute retail business school

Why retailers must offer a robust omnichannel model to customers

While many consumers have welcomed a return to brick-and-mortar retail, the retail business model has fundamentally evolved

Carrefour opens new AI-powered checkout-free store in Dubai’s Mall of the Emirates

The store – the first such Carrefour worldwide, has 97 cameras in-store to identify products, improve inventory management and track the movements of customers

Mall of Oman, country’s largest shopping destination, opens in Muscat

Key features include a 15-screen Vox cinema complex and the country’s largest indoor snow park

Dubai Emaar Malls

Dubai’s Emaar Malls reports profits of Dhs622m in H1 2021, up 80%

Revenue for H1 2021 amounted to Dhs2.048bn, up 23 per cent year-on-year

Michel Chalhoub

Michel Chalhoub, founder of Dubai-based luxury retailer, dies

The founder and chairman of the Dubai-headquartered luxury retailer Chalhoub Group was 89

Disney opens Middle East’s first shop-in-shops in UAE, Kuwait

An additional 26 locations are set to open across the region over the next four weeks

Abu Dhabi’s ADQ and Qatar’s QIA among investors in latest Flipkart funding round

The latest funding round has boosted the Indian online retailer’s valuation to $37.6bn

Only vaccinated individuals now allowed to enter malls, restaurants, gyms and salons in Kuwait

A person will need to show their vaccination status on the My Identity or Immunity mobile application

eyewa

UAE startup eyewa raises $21m in Series B funding round

Eyewa aims to take its e-commerce model and expand into brick-and-mortar retail operations at key locations in the region

Mall Of Oman Majid Al Futtaim

UAE’s Majid Al Futtaim to open Mall of Oman in September 2021

Its key features include over 350 retail outlets, a 15-screen VOX cinema and the country’s largest indoor snow park

UAE online retailer noon announces dates for its next ‘big yellow sale’

The three-day event will see prices reduced by up to 70 per cent

Dubai Shopping Malls

Dubai Summer Surprises 2021 mega sale returns in July

Spread across 10 weeks, it will be held from July 1 until September 4

How can FMCG businesses in the GCC ensure that they remain relevant?

Innovation remains the main key that enables a company to be a game-changer, says Philippe Gelder, president and CEO at Voted Product of the Year Worldwide

Kuwait issues new regulations for jewellery stores

Price tags must include the company’s name, serial number (barcode), carat, weight and type of the piece

Oman’s National Gas Company terminates CEO

Covid-19: Oman lifts movement ban, commercial activities resume with some restrictions

The number of visitors to commercial complexes and restaurants will be capped at 50 per cent of capacity

UAE’s Transguard Group posts 86.2% dip in profit for FY20/21

The company posted revenue of Dhs1.87bn for FY 20/21

E-commerce freezone Dubai CommerCity opens new facilities as part of first phase launch

The new facilities include office spaces as well as e-commerce logistics units and multi-client warehouses