middle east retail veteran out to expand across the region
Last Updated : GMT 08:05:47
Arab Today, arab today
Arab Today, arab today

Middle East retail veteran out to expand across the region

Arab Today, arab today

Arab Today, arab today Middle East retail veteran out to expand across the region

Dubai - Arabstoday

The company, which is best known for its bookstores, has refurbished a number of shops, moved its flagship UAE department store and aims to launch six brands by early next year, spending up to Dh5 million (US$1.3m) in total. \"It\'s expansion that we as a company are comfortable with, it\'s careful, considered investment,\" said Narain Jashanmal, the general manager for print media and books stores. \"We were quite prudent during the ups and downs. We are now able to take advantage of low rents and retail space in the UAE.\" The company operates a network of more than 100 retail outlets across the Middle East, including department stores, bookshops and fashion and footwear brands. It is about to sign deals with four US retail brands to launch stores across the UAE early next year and will open LK Bennett, a British woman\'s clothing and footwear brand, in Dubai\'s Mirdif City Centre next month. All the new brands will sit in the mid to higher-end segment of the fashion market. \"There are a lot of mass-market brands in Dubai and there is almost every luxury brand, but there is space between them where we see an opportunity,\" said Mr Jashanmal. \"It\'s good quality at a good price.\"The company is also relaunching the Swiss shoe brand, Bally, in the UAE with a new store, also in Mirdif City Centre.\"For any brand to sell here, we want them to be established in their home markets and have an international presence,\" said Mr Jashanmal. \"Startup brands tend not to have the systems and process to work with franchises.\"Jashanmal moved its department store in Wafi Mall to Dubai Festival City this year and also took over eight bookstore outlets in Spinneys\' stores from rival Magrudy\'s.Management are not tapping banks to finance the group\'s expansion, but funding it from cash flow in the business. The biggest outlay in bringing new brands to the region is the capital expenditure in fitting-out stores, acquiring the rights for brands and buying stock.Many retailers have enjoyed strong growth so far this year as a flood of tourists has helped keep the tills ringing. Jashanamal said it achieved single-digit growth in the business, which had been hampered slightly by print distribution and book store sales suffering declining consumer demand. \"We are seeing healthy growth, both top line and bottom line,\" said Mr Jashanmal. \"The most challenging area is the print media, this market is facing the similar pressures of the rest of the world.\" From / The National

arabstoday
arabstoday

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*

middle east retail veteran out to expand across the region middle east retail veteran out to expand across the region

 



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*

middle east retail veteran out to expand across the region middle east retail veteran out to expand across the region

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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