United Arab Emirates news & analysis

11 June 2013
The UAE-based franchisee of Casino’s Géant banner, Fucom, has announced that it has launched an online store selling both grocery and non-grocery items in the market. Géant Online offers shoppers full product range Fucom say that Géant Online – www.geantonline.ae – is the first time that a retailer has enabled shoppers to purchase both grocery and non-grocery ranges online in the UAE and ad...
28 May 2013
Soon after purchasing Carrefour’s stake in its joint venture, UAE-based Majid Al Futtaim has announced plans to invest up to US$1 billion in 2013 to expand its presence across the region. Outlay to fund expansion in Middle East Iyad Malas, Majid Al Futtaim’s chief executive, was quoted by Reuters as saying: “ Our capital investments could be anywhere between $600 million and $1 billion this ...
23 May 2013
Carrefour has announced that it has sold its 25% stake in its Middle Eastern joint venture to its partner in the region, Majid Al Futtaim (MAF), for €530 million. Sale includes ‘strengthening of exclusive partnership’ Carrefour said that at the same time as the sale of its stake in the joint venture, the two companies were also strengthening the existing exclusive franchise partnership by ‘...
22 May 2013
Abu Dhabi’s government has announced plans to upgrade independent stores under the ‘Baqala’ brand name. Step ‘in tune with Abu Dhabi’s Development Vision for 2030’ The new law will require independents to make their stores more appealing and shopper-friendly. It will specifically involve them adding security systems, cash registers, cooler boxes, clearly displayed prices, storage rooms, overh...
22 May 2013
SPAR International has reported worldwide retail sales up 2.8% in 2012, and revealed its new strategy: "Growing our future together." International expansion has always been a strategic goal SPAR's new strategy builds on its long-term objectives. It sets out the strategic objectives for 2013-2015 under three broad headings: Growing our partners - Developing a multi-format presenc...
20 May 2013
Tesco has confirmed that it will work with two of the world's leading franchise operators to open over fifty F&F branded clothing stores outside of the UK. F&F to expand into nine new markets over next five years Over the the next five years Tesco and its partners will open F&F branded clothing stores across the Middle East, Kazakhstan, Georgia, Armenia and Azerbaijan. The deal sees the UK'...
13 May 2013
Marks & Spencer Al-Futtaim has announced plans to roll out a new store format and add stores across the region. UAE to remain focus in short term Marks & Spencer Al-Futtaim said that the new store format includes better product segmentation a stronger emphasis on the retailer’s fashion sub-brands, like Autograph and Indigo, and further distinctions between product categories, supported by ...
29 April 2013
Two retailers have announced plans to grow their presence in the UAE, Carrefour through an expansion of its existing operations and Gulfmart through entry into the market. Gulfmart to enter UAE Gulfmart, which operates stores in Bahrain and Kuwait, has entered the UAE market with the opening of a 6,000 sq m hypermarket in Sharjah. The price-oriented retailer, as of April 2013, runs 20 store...
28 January 2013
SPAR International has announced plans to develop the SPAR brand across the Middle East, in a venture with Abu Dhabi Co-operative Society. Third store in UAE confirmed, more to follow Abu Dhabi Co-operative Society (ADCOOPS), SPAR's licensee in UAE, is opening a flagship store for each SPAR format.  A supermarket opened in late 2011 in the Khalidiya region of Abu Dhabi, followed by a sup...
22 January 2013
Carrefour’s franchisee for the Middle East, North Africa and Central Asia, Majid Al Futtaim, has announced that sales through its Retail division rose by 8% during 2012. Sales aided by growth in store numbers During 2012 Majid opened seven hypermarkets and seven supermarkets, bringing its total store base to 90. The new stores helped drive sales growth by 8% to AED17.8 billion. In the compa...