Retail companies in the United States (US) are using promotions to boost sales during the weak shopping season. Amazon.com’s Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other US retail
The boss of Tesco said he had unfinished business at Britain’s biggest retailer after its quarterly sales growth slowed in a subdued grocery market under a cloud from poor early summer weather.
Higher food prices accelerated India’s April retail inflation to 2.92 per cent from 2.86 per cent in March, official data showed on Monday. However, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in April 2019 was lower than the corresponding period of last year when retail inflation stood at 4.58 per cent.
The Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, won the prestigious retail category award at the fifth edition of the International Business Excellence (IBE) Awards, which was held, with the Support of the Dubai Department of Economic Development (DED) last week, at the Intercontinental Dubai Festival City.
Enoc Group has opened a new service station in Fujairah in line with its plans to expand its network to 191 stations in the UAE by end-2020. The Al Faseel service station will be Enoc’s ninth station in Fujairah since the first station in the emirate in 1989.
Hong Kong’s July retail sales sank by the most since February 2016 amid anti-government protests that have gripped the Chinese-ruled city for months. Retail sales in July fell 11.4% from a year earlier,
India’s Reliance Industries is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters.
Indian real estate sector is looking at 65 million sqft mall supply by 2022. Despite the onslaught of the e-commerce business across the country, malls are still serious business in India. According to ANAROCK’s latest report,
India’s liberalised FDI policies – 51 per cent FDI in multi-brand retail and 100 per cent foreign direct investment (FDI) in single-brand retail under the automatic route (against the previous 49 per cent) — has attracted major global PE funds to double their investments in the Indian retail sector.