Retail

  Emirates Business The Lenovo Phab 2 Pro, the world’s first Tango-enabled smartphone, is now available on shelves and online, and studios around the world are using the Phab 2 Pro as a working model to develop innovative Tango apps. As a result, the Phab 2 Pro will be delivering on the original Tango experience on a number of new ...

  Dubai / Emirates Business Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, on Monday announced that it will open a new distribution centre at the National Industries Park (NIP) in Dubai. The centre, once operational, will be the largest and most advanced distribution hub of its kind for Carrefour ...

  Bloomberg Sears Holdings Corp. Chief Executive Officer Eddie Lampert is opening his wallet once again to help keep the struggling retailer in business, a move that could help placate vendors after an uncertain holiday season. Lampert, a hedge fund manager and Sears’s biggest investor, will offer a $200 million letter of credit to the department-store chain through affiliates of ...

  Abu Dhabi / Emirates Business Etisalat announced on Monday the launch of ‘eLife Ultimate 1G’ and ‘eLife Premium 500’ plans to enrich the home entertainment experience for its UAE residential customers with eLife TV, Internet and fixed telephone service. Etisalat’s eLife Ultimate 1G customers will enjoy super download speed of 1 Gbps, the highest speed home Internet available in ...

Dubai / Emirates Business 800 Degrees Neapolitan Pizzeria, an Italian concept originating from L.A., unveils its latest branch in Riverland Dubai, a uniquely themed retail and dining destination at the heart of at Dubai Parks and Resorts. Overlooking the river, 800 DEGREES’ new branch hosts a delightful Alfresco seating as well as indoor seating that makes supper time an enchanting ...

  Bloomberg After seven decades in the fashion industry, Pierre Cardin will have you know that he’s in no rush to get out. His eponymous label has been for sale for a quarter of a century, though don’t bother haggling over the price: the fashion designer who pioneered brand licensing won’t entertain offers below 1 billion euros ($1.04 billion). “If ...

  Emirates Business Club Factory, the international smartphone shopping application, has witnessed significant growth since its launch in the Middle East. The one-stop shopping destination ranks amongst the top 10 free shopping apps in the UAE with home décor, handbags, beauty products, and clothes as the top five most popular products amongst users. Bringing over one million products together on ...

  Bloomberg Kate Spade & Co., which is exploring a sale of the handbag maker, plans to kick off a formal auction process next month, with interest from six possible bidders, according to a person familiar with the situation. The New York-based retailer is working with financial advisers on sale preparations, said the person, who asked not to be identified ...

  Bloomberg The rising number of single-person households in South Korea is helping to fuel a boom in neighborhood convenience stores, one of the few bright spots in the nation’s sluggish economy. The number of convenience stores has jumped by more than half over the past five years, to 32,000 this year, according to the Korea Association of Convenience Store ...

  Beijing / AFP Taiwan tech-giant Foxconn plans to build an $8.8-billion factory in China, state media said Saturday, amid reports its billionaire boss is cooling off on future US investments. Foxconn, a major Apple supplier, will spend the vast sum on an industrial complex in the sprawling southern city of Guangzhou. The factory will make large-screen liquid crystal displays ...