Retail

Kuwait / Emirates Business Wendy’s, the third largest Burger chain in the world, is keeping the burger fans of Kuwait happy with a new restaurant opening in the Fahaheel area opposite Al Kout Mall. This stand-alone venue that can fit up to 32 seated diners is now open for all Kuwait foodies to enjoy. Owned by Alghanim Industries, one of ...

Bloomberg Wal-Mart Stores Inc. sold yen bonds for the first time in seven years, taking advantage of falling fundraising costs and Japanese demand for securities issued by well-known US firms. The US retailer offered 170 billion yen ($1.5 billion) of five-year, seven-year and 10-year notes, in its first yen issuance since selling 100 billion yen of debt in July 2010. ...

Abu Dhabi / Emirates Business Etisalat on Sunday announced its commercial launch of NB-IoT and LTE-M technologies becoming the first operator in the MENA region to offer these new technologies enabling variety of solutions and services. Both NB-IoT (Narrowband Internet of Things) and LTE-M (Long Term Evolution for machines) technologies are 3GPP (3rd Generation Partnership Project) based standardized technologies using ...

Bloomberg Early summer barbecues and higher prices proved a potent combination for UK supermarket chain J Sainsbury Plc in the first quarter of its financial year. As sweltering temperatures lifted demand for everything from burgers to paddling pools, like-for-like retail sales rose 2.3 percent, London-based Sainsbury said on Tuesday. That compared with the average estimate of nine analysts for a ...

Bloomberg Pandora A/S, which has lost a third of its market value this year amid slowing US sales, is now betting on reviving its biggest market by replacing under-performing stores and hoping new products will be a bigger hit with consumers. “We’re not just waiting for the good times to return to the US retail market — we see things ...

Bloomberg As Amazon.com Inc moves deeper into the grocery and fashion industries, the companies in its cross hairs could look to the UK for a lesson in how to handle an incursion from the Seattle-based giant. Dixons Carphone Plc, Britain’s largest consumer-electronics retailer, has thrived in an area where Amazon’s presence is long established. Selling an array of products from ...

Bloomberg Nike Inc. rallied the most in almost two years after the athletic brand delivered a rosy forecast and announced plans to forge a closer relationship with shoppers, a move that will let Amazon and Instagram users buy its sneakers directly. The athletic brand expects sales to increase by a mid- to high-single-digit percentage this year, excluding currency effects. The ...

Bloomberg The difficulties facing Britain’s non-food retailers were laid bare Tuesday in gloomy reports from department-store group Debenhams Plc and floorcoverings seller Carpetright Plc. Debenhams, the operator of 250 stores across 27 countries, said full-year earnings could be at the low end of analysts’ estimates should current market volatility persist. Carpetright, which runs 426 outlets in the U.K. alone, reported ...

Emirates Business Huawei Consumer Business Group has announced plans to open its first ‘Experience Store’ in the UAE fully equipped and dedicated to offer customers a complete hands-on product experience. The store will be strategically located at The Dubai Mall and is slated to cement Huawei’s position as one of the leaders in the smartphone market. In line with Huawei’s ...

Bloomberg Reebonz Pte, Southeast Asia’s largest online luxury retailer, is planning to raise as much as $150 million to bolster its marketplace business and fund expansion in China, Japan and South Korea. Reebonz has been working with investment banks including Credit Suisse Group AG and Goldman Sachs Group Inc. since May to engage potential investors, Chief Executive Officer Samuel Lim ...