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| Business related information |
| On track - Wincor Nixdorf reaffirms growth forecast after third quarter |
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Achieving double-digit growth rates, Wincor Nixdorf AG has maintained its successful track record after the first nine months of fiscal 2006/2007. Consolidated net sales rose by 12% to €1,602 million (€1,435 million), while EBITA increased by 17% to €138 million (€118 million). The EBITA mar... |
| China takes air out of Starbucks froth |
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Starbucks is leaving the Forbidden City. It closed its store July 13, following a hugely popular online campaign led by Rui Chenggang, an anchorman for China's biggest TV network.
He argued that the outlet, which has operated within the walls of the 600-year-old city since 2000, "tramples over ... |
| Mid-market furniture chain Dwell moves into Scotland |
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The fast-growing furniture chain based in London, is to open its first Scottish branch, with a 10,000sq ft outlet in Princes Square, Glasgow.
The Wimbledon-based chain - 90 per cent of whose products are designed in-house - has invested £500,000 in setting up the shop.
Sean Galligan, Dwell... |
| Dubai plans global expansion for Barneys |
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Dubai's Istithmar said it could consider launching Barneys New York Inc. in markets such as China and the Middle East if it completes a deal to buy Jones Apparel Group Inc.'s luxury retailer.
Istithmar considered its $825 million bid for Barney's a "full offer" and would wait until next mon... |
| Ethiopia: Kobil Poised to Grab 10 Percent of Oil Market |
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Kobil Ethiopia, a new entrant into the nation's oil industry and a subsidiary of the Kenya-based Kenol Kobil, is poised to capture 10 percent of the country's steadily growing oil market during the next fiscal year, just in the wake of a few months' experience here, Yoav Zilber, general manager o... |
| Beate Uhse wants to sell more than sex |
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Sex may sell, but selling sex can be expensive.
Germany's Beate Uhse, the world's largest sex retailer by revenue, is investing heavily to adapt its image to changing tastes and morality and plans to build its brand through new 'lifestyle' products including drinks.
The company -- whose sa... |
| Myer to open new store in Townsville |
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Department store chain Myer Pty Ltd plans to open a new store in Townsville in northern Queensland.
It's the eighth new store to be announced this year by Myer, and part of a strategic plan by the retailer to increase its network to 75 stores nationally in the next three years.
The Townsville... |
| The KCTU Hurts Workers Interests |
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In retaliation against the use of police to break up an illegal sit-in by contract workers at discount retailer E-Land, the Korean Confederation of Trade Unions has announced a full-blown battle against the company, including a campaign to boycott its products. On Saturday, the KCTU held protest ral... |
| There is room for retail growth |
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With the huge array of new fashion brands hitting the malls, it is clear that Dubai is attempting to promote itself as a global fashion hub. Gulf News spoke to Ishwar Chugani about the challenges Dubai faces in reaching this goal.
Gulf News: How competitive is the Dubai fashion market compared to... |
| Saks planning New Delhi store and major Middle East expansion |
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From its original stores in Riyadh and Dubai, Saks Fifth Avenue is pressing ahead with a major expansion that will see the opening of three new regional outlets in the next two years, with another to follow in India shortly after.
General Manager of the regional licensee Style Avenue Middle East ... |
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