by Priyanka Sharma | November 21, 2024 | News, Retail
Lulu Retail Holdings, the UAE-based hypermarket chain operator, has posted a remarkable 126% year-on-year (YoY) increase in its net profit for the third quarter (Q3) of 2024. The company’s net profit reached $35.1 million, demonstrating strong financial growth despite...
by Jibran Munaf | November 15, 2024 | Retail
Lulu Retail Holdings Plc’s shares closed flat at AED2.04 in their debut on the Abu Dhabi Securities Exchange (ADX) following a highly anticipated IPO that raised $1.72 billion. Despite the IPO’s oversubscription—exceeding AED135 billion in demand from...
by Jibran Munaf | November 15, 2024 | Retail
China reported a notable 4.8% year-on-year increase in retail sales for October, surpassing the 3.8% forecast and marking an improvement from September’s 3.2% growth. This growth highlights the impact of recent stimulus efforts aimed at boosting the economy. However,...
by Jibran Munaf | November 9, 2024 | Retail
China’s consumer prices grew at their slowest pace in four months in October, while producer price deflation deepened, according to data released on Saturday. This comes even as Beijing has intensified its efforts to support the struggling economy with a new round of...
by Jibran Munaf | November 9, 2024 | Retail
Following Donald Trump’s presidential election victory, the fashion, beauty, and footwear sectors are bracing for potential disruptions from proposed tariffs on imported goods. Trump has indicated tariffs of 10%-20% on various imports, and as high as 60% on goods from...
by Jibran Munaf | November 9, 2024 | Retail
The UAE is gearing up for another shopping extravaganza as the 11.11 sale returns, bringing discounts of up to 90% along with free vouchers and exclusive bank deals. Both online and brick-and-mortar retailers across the country are rolling out major offers to entice...
