Retail

  Dubai / Emirates Business Better Life, one of UAE’s leading home appliance retailers and a division of Easa Saleh Al Gurg Group LLC, introduced ‘Better Deals’ campaign to offer customers unprecedented value on purchases across their stores in the UAE. The incentives come in the form of bundled offers, instant-redeemable gift vouchers, free gifts and significant price offers, and ...

  Bloomberg Marks & Spencer Group Plc (M&S) is severing ties to financial public-relations adviser Finsbury at the end of March as the London-based retailer seeks to cut costs. M&S’s internal press-relations team will take over responsibility for the work Finsbury has been carrying out since the WPP Plc-owned agency was hired by former Chief Executive Officer Marc Bolland in ...

  NEW YORK / AP JC Penney listed for the first time the 138 locations it will shutter in the coming months as the retailer seeks to cut costs and improve its profitability. Like other department stores, JC Penney Co. is hurting as more people shop online instead of heading to the mall. The closures are part of the company’s ...

  Bloomberg J Sainsbury Plc said it’s cutting costs in an effort to avoid raising prices in response to the drop in the pound, after sales fell in its core grocery business. British supermarket chains have begun raising prices for the first time in more than two years as the slide in sterling since the U.K. voted to leave the ...

  Tribune News Service Special to Emirates Business A jewel and luxury fashion industry leader for more than 110 years is once again looking for a suitor. After reporting its sixth consecutive quarter of sales declines, Dallas-based Neiman Marcus said that it’s exploring all options, including a sale of the company. A sale has been rumored for some time. Saddled ...

  MADRID / AP Zara fashion brand owner Inditex says strong sales and expansion of new stores boosted net profit in the past fiscal year by a 10 percent. The world’s largest clothes retailer said that net profit for the 12 months ending January 31 rose to 3.16 billion euros ($3.35 billion) from 2.88 billion euros ($3.06 billion) a year ...

  Bloomberg TAG Heuer, a Swiss watch brand that has bucked the industry’s slump, expects to build on last year’s double-digit sales growth in 2017, supported by an upgraded smartwatch and healthier demand in China, the biggest market for luxury timepieces. Chief Executive Officer Jean-Claude Biver said on Tuesday his “cautious” forecast is for TAG Heuer’s sales to rise 8 ...

  Bloomberg Gordmans Stores Inc., the century-old discount department store chain, filed for bankruptcy after posting losses in five of the past six quarters. The company listed total debt of $131 million in Chapter 11 papers filed Monday in Nebraska. Gordmans, which operates about 100 stores, is the latest victim in a retail industry suffering from sluggish mall traffic and ...

  Abu Dhabi / Emirates Business Marking the start of a wonderful spring season, Starbucks launches its Trio Macchiato: a new Maple Macchiato, Date Macchiato and of course, the favorite Caramel Macchiato, a combination that brings coffee lovers a choice of espresso and their favorite Starbucks beverages. The Maple Macchiato is a new beverage ideal for those who love rich ...

  Bloomberg EBay Inc. is exporting a method to boost cross-border sales it pioneered in Russia to 120 territories, as the online marketplace seeks to recapture growth in the face of competition from Amazon and Alibaba. In many places, EBay still means domestic classifieds; Americans mostly sell to Americans, Britons mostly to UK customers. But a few years ago, EBay’s ...