Bloomberg Mothercare Plc reported a sharp drop in UK sales over the holiday season, underlining the depths of the country’s retail crisis as store owners wrestle with higher costs and a shift to online shopping. Like-for-like sales in the UK declined 7.2 percent in the past 12 weeks, the childrenswear retailer said on Monday. Gross margins are also set to ...

Bloomberg The company with the biggest grip on Thailand’s brick-and-mortar retail market is expecting a partnership with China’s JD.com Inc. to help it do the same in online sales. Central Group, which controls Thailand’s biggest operator of shopping malls and department stores, expects online sales to account for as much as 15 percent of its revenue in five years, from ...

DUBAI / WAM Ahmed Mahboob Musabih, Director of Dubai Customs, received the outgoing Azerbaijani Consul-General, Parvez Ismayilzada, along with Alnoor Aleef, Azerbaijan’s Commercial Representative. Musabih thanked Zada for his dedicated service in Dubai. The meeting agenda included discussions on cooperation, trade growth opportunities and the exchange of customs experiences between Dubai and Azerbaijan. Musabih highlighted that trade with Azerbaijan has ...