Retail

Dubai / Emirates Business Nestlé Middle East’s 18th factory in the region has been inaugurated in Dubai South by His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman Dubai Airports, and Chairman & Chief Executive of Emirates Airlines & Group; and in the presence of Marco Settembri, Executive Vice President Nestlé SA and ...

Bloomberg Vodafone Group Plc promised to milk more of the cash that flows through the world’s second-largest mobile-phone operation and funnel it back to shareholders after years of investment and expansion. The stock rose the most in 10 months on Tuesday after the Newbury, England-based carrier forecast a 23 percent increase in free cash flow to 5 billion euros ($5.5 ...

Bloomberg Vodafone Group Plc is simplifying its holdings in sub-Saharan Africa, selling a $2.6 billion stake in Kenya’s Safaricom Ltd. to its majority-owned Vodacom Group Ltd. The all-share deal will transfer a 35 percent stake in Safaricom to Vodacom in return for stock in the Johannesburg-based unit, raising the parent’s stake in its South African business to about 70 percent. ...

Bloomberg J Sainsbury Plc, the supermarket that’s been selling Britons their bread and baked beans for more than a century, is looking beyond the grocery aisles for a competitive edge in a tough market, seeking inspiration from the catwalks of Los Angeles and Milan. The retailer has created a team of 30 fashion spotters who scour runways around the world ...

Bloomberg Welcome to the club, J.C. Penney Co. The company joined department-store rivals such as Macy’s Inc. and Kohl’s Corp. in reporting disappointing sales for the first quarter, sending its shares down as much as 11 percent. The results confirm that weak sales were a universal phenomenon for US department stores last quarter, even among upscale players like Nordstrom Inc. ...

Dubai / Emirates Business Cityland Mall – UAE’s first nature-inspired mall scheduled for launch in the second quarter of 2018 beside Global Village announced Fabyland as its official family entertainment provider. Fabyland, a brand under ‘Al-Othaim Leisure & Tourism Co.’, is a ‘futuristic’ family entertainment destination that has a wide variety of compelling rides and games. Fahimuddin Sharfuddin, Chief Executive ...

  Bloomberg A Japanese retailer famous for minimalist products and no-logo branding is betting big on the world’s most colorful retail market as it pushes forward with an aggressive overseas expansion. Strong growth and demographic trends will eventually make India the second-largest international market for Muji stores after China, Satoru Matsuzaki, president of Muji-owner Ryohin Keikaku Co., said in an ...

  Dubai / Emirates Business In a bid to offer Mideast customers direct access to commercial equipment on sale by contractors from world over; Grays Mideast Plant (GMEP) announced the launch of its full end-to-end online auctions on www.graysmideastplant.com. The strategic announcement included both the launch of its unparalleled website for online auctions as well its first construction and earthmoving ...

  Bloomberg JD.com Inc. posted its first quarterly profit as a public company with the integration of Wal-Mart Stores Inc.’s Chinese web business and strong consumer spending driving a surge in sales. China’s largest e-commerce company after Alibaba Group Holding Ltd. has benefited from the rise of online shopping in a country with patchy retail infrastructure. JD, which bought Wal-Mart’s ...

  Bloomberg Adidas AG is racing ahead in the U.S. with sales growth that’s outstripping archrival Nike Inc. as its namesake brand and Reebok capitalize on the trend for retro and “athleisure” fashions that are worn off the sporting grounds. North America was the German company’s strongest-performing region in the first quarter, with a sales increase of 31 percent at ...