Retail

  Abu Dhabi / Emirates Business The International Council of Shopping Centers (ICSC) announced the winners of the 2016 Middle East and North Africa (MENA) Shopping Centre and Retailer Awards, recognizing the region’s most innovative shopping centers for outstanding achievement in retail, retail store design, design and development, and marketing. ICSC has named Al Wahda Mall, Abu Dhabi an Iconic ...

  Emirates Business Pioneering Swiss watchmaker Rado is beefing up its collection with the HyperChrome 1616, an oversized hypermasculine ode to the spirit of discovery. A reinterpretation of Rado’s vintage Cape Horn collection, the HyperChrome 1616 pays tribute to the 400-year anniversary of the brave discovery of this South American headland. In 1616, two Dutch merchants pushed the limits of ...

  Bloomberg Bombardier Inc. surged the most in six months after forecasting annual profit at the high end of its previous outlook as the maker of the much-delayed C Series jetliner slowed the rate at which it had been burning through funds. Higher operating cash flow and reduced investment following certification of the CS100 and CS300 models of the marquee ...

  Bloomberg Kenneth Cole Productions, a fashion house and shoe company founded more than three decades ago, is closing almost all its stores, effectively ending its run as a U.S. brick-and-mortar chain. The New York-based retailer will shutter its 63 outlet stores over the next six months, Chief Executive Officer Marc Schneider said in an e-mail. That leaves Kenneth Cole ...

  Bloomberg South African retail stocks slumped, heading for the lowest in almost seven months, after Woolworths Holdings Ltd. said clothing sales fell, adding to similar recent declines reported by local competitors. The eleven-member FTSE/JSE Africa General Retailers Index retreated 4.1 percent in Johannesburg, heading for the lowest level since April 24. Cape Town-based Woolworths tumbled 3.7 percent to 67.68 ...

  Berlin / AFP German sporting goods maker Puma said on Thursday it almost doubled net profits in the third quarter thanks to strong growth in sales driven by sponsorships of top Olympic athletes in Rio. The Bavaria-based firm made 39.5 million euros ($43 million) in net profit between July and September, 98 percent higher than the same period last ...

  Bloomberg Indonesia, under pressure to rein in its budget deficit, plans to sell minority stakes in some of the nation’s airports and ports to private investors as President Joko Widodo seeks investment to fund his ambitious infrastructure agenda. The government intends to sell as much as 45 percent in 10 airports and 20 ports but will retain state control ...

  Bloomberg Coca-Cola and PepsiCo face a wave of new soda taxes after four US cities voted to pass the measures, part of an escalating war on sugary drinks. Proposals to slap a 1-cent-per-ounce tax on sugar-sweetened beverages are poised to pass in the California cities of San Francisco, Oakland and Albany. In Boulder, Colo., meanwhile, a 2-cents-per-ounce tax is ...

  Bloomberg Canada Goose Inc., the retailer of high-end winter parka coats that can sell for more than $1,000 apiece, has chosen bankers to lead its planned initial public offering, according to people familiar with the matter. Credit Suisse Group AG, Canadian Imperial Bank of Commerce and Goldman Sachs Group Inc. will lead the Toronto-based retailer’s offering, the people said, ...

  Lagos / AFP Nearly 60 percent of domestic flights were delayed in Nigeria in just three months to the end of September, local media reported, citing statistics from the country’s aviation regulator. The Nigerian Civil Aviation Authority (NCAA) recorded 7,722 delays of the 13,097 scheduled flights operated by eight airlines in the third quarter; 253 services were cancelled in ...