Arab Today, arab today uk retail giant eyes gulf expansion plan
Last Updated : GMT 21:42:35
Arab Today, arab today
Arab Today, arab today

UK retail giant eyes Gulf expansion plan

Arab Today, arab today

Arab Today, arab today UK retail giant eyes Gulf expansion plan

London - Arabstoday

UK retail giant WH Smith has announced expansion plans in the Gulf region as it looks to offset weakness on Britain\'s high streets. The newspapers, books and stationery retailer, which operates over 1,100 stores primarily in Britain, said it was targeting growth in Dubai, Qatar and Saudi Arabia. The announcement came as it said profit before tax rose to £66m in the six months February 29, up from £64m during the same period in 2011. The retailer said it planned to open a total of 20 new shops in India, Australia, Qatar, Gibraltar, Dubai, Fiji and Saudi Arabia, taking its total number of overseas stores opened or agreed to 80. It will open two new outlets in each of the Gulf states targeted for expansion. It runs the international stores through a mixture of franchises, joint-ventures and direct leases. \"We expect the trading environment to be challenging,\" chief executive Kate Swann said in a statement. \"However we are a resilient business with a consistent record of both profit growth and cash generation and we have opportunities for growth in the UK and internationally.\" WH Smith last year appointed Aventus Retail as its local franchisee in the UAE. In January, Qatar\'s Al Meera Holding said it had entered into a franchise agreement with WH Smith Travel Ltd to operate book shops in the Gulf state. Under the agreement, Al Meera Holding has been granted the exclusive rights to establish and operate bookstores under the WH Smith brand in Qatar. Earlier this year, Tesco, the world’s third biggest retailer, sealed a deal to open 19 of its fashion stores in Saudi Arabia as it also looks to boost its overseas profits amid declining retail sales in the UK. The UK’s biggest retailer will debut its F&F stores in the kingdom under a franchise deal with local conglomerate Fawaz Abdulaziz Al Hokair & Co, which counts Zara, Marks & Spencer and Gap in its brand portfolio.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uk retail giant eyes gulf expansion plan Arab Today, arab today uk retail giant eyes gulf expansion plan

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday