United Arab Emirates news & analysis

11 April 2016
SPAR International saw global sales rise by 3.5% in 2015 to €33.0 bn, which it said was its ‘ strongest in five years ’ and driven by the growing pace of recovery in Europe and expansion of the SPAR brand in emerging markets. Results ‘ show… continuing strength and attractiveness of SPAR brand ’ By region, SPAR International highlighted some specific countries where it had enjoyed particula...
07 April 2016
As Panda, LuLu and Choithram announce expansion plans across the region, we round up news from the three retailers. Panda wins opportunity to expand in Qalyubia governorate Saudi Arabia-based Panda has, according to Egyptian supply minister Khaled Hanafy, won the bid to open a c 5,000 sq. m store in the Qalyubia governorate. Hanafy said that the establishment of further chains and logistics...
16 March 2016
As the UAE’s Co-operatives announce results, Kuwait-based The Sultan Center says it is to remain in Lebanon and Spinneys opens its newest store in Egypt, we round up news from the region. UAE’s Consumer Co-operative Union discusses 2015 performance As part of the launch of the 21st Co-Op shopping festival, the chairman of the UAE’s Consumer Co-operative Union, Majid Hamad Rahma Al Shamsi, s...
10 March 2016
Carrefour chief executive Georges Plassat has talked about the multi-format strategy, digitisation, emerging markets and the acquisition of DIA stores at the 2015 full year results presentation. Carrefour today reported a 3% increase in net sales to EUR76.9bn, on an organic basis, for 2015. All formats have a role to play Carrefour has previously stated the importance of bricks and m...
25 February 2016
We update on the latest from Starbucks' North American rewards scheme, Burger King's delivery trials and Pret-a-Manger's expansion strategy. Starbucks: new rewards scheme to support upselling? Starbucks this week revealed it was changing the way it rewards shoppers for their purchases in North America. For customers who habitually purchase a USD3 latte, the new system, based on cash spent...
22 February 2016
As Majid Al Futtaim (MAF) continues to invest in existing markets, like Saudi Arabia, and enters new ones, such as Kazakhstan, LuLu sustains its own expansion plans and ENOC sets out its growth aims to 2020, we round up news from the region. Majid Al Futtaim to invest in Saudi Arabia… MAF has announced plans to invest SAR14 bn (US$3.7 bn) to open two new shopping centres in Saudi Arabia’s c...
01 February 2016
UAE-based Majid Al Futtaim (MAF) saw revenues at its Retail division rise 7% to AED22.0 bn (US$6.0 bn), but its EBITDA increased by only 2% to AED1.2 bn (US$326.7m) as the retailer expanded into new markets and grew its presence in its existing operations. The focus on longer term growth opportunities by MAF was underlined, as part of a separate announcement, when its chief executive officer, ...
01 February 2016
The chairman of UAE-based LuLu, Yusuf Ali, has said that the retailer is aiming to invest AED1.1 bn (US$299.5m) on the addition of 11 new stores in the GCC in 2016. If met, the expansion will see LuLu operate 132 stores by the end of the year. Store growth helping to drive sales LuLu’s continued focus on adding stores has underpinned sales growth in recent years and helped the retailer gene...
15 January 2016
Carrefour has reported consolidated sales of €22.4bn for Q4 2015, up 4.1% ex. petrol and at constant exchange rates. Sales were up 2.4% on an organic basis (ex. petrol and calendar effect), with the results driven by its operations outside of France. France: stable quarter with smaller formats standing out Carrefour said its results underscored: "the consistency of its execution and the...
16 December 2015
footprint, UAE-based Enoc aims to grow its sales of food and beverages and Spinneys Dubai looks to buy more sustainable products, we round up news from the region. Al Meera forecasts continued growth, despite challenging environment In an interview with the Gulf Times Al Meera’s chief executive, Guy Sauvage, said that he expects the retailer to maintain continuous growth in Qatar and Om...