US shoppers spent 2.4% more during the weekend before the Christmas holiday this year, giving a boost to retailers in the final days of 2014.
Purchases during the so-called Super Saturday weekend rose to $42 billion, up from $41 billion during the same weekend a year ago, says Craig Johnson, president of Customer Growth Partners, a research firm in New Canaan, Connecticut. “This was a strong finish to an otherwise lacklustre season. It has taken what has been a sluggish season and made it merely lacklustre.”
According to the National Retail Federation, retail sales in November and December would gain 4.1%, the biggest increase since 2011. Lower unemployment, falling gas prices and rising consumer sentiment helped spur spending last month.
Rental and preloved business models revolutionise MENA fashion retail
According to a report by the United Nations, the fashion industry accounts
February 18, 2021 | By Shruthi Nair
How to build an ethical and sustainable jewellery business : Priyanka Sarkar
The jewellery making industry has been under tremendous scrutiny over the years
February 11, 2021 | By Shruthi NairGargash and Merex Investment announce world’s first AMG store
Alhokair to acquire 51% stake in the British online fashion retailer
b8ta and noon.com partnership to provide UAE shoppers with next-gen retail experience
Majid Al Futtaim retail recorded 188% increase in online sales, reveals future investments
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UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created
UAE-based Al Islami Foods, one of the largest frozen food companies in
Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free
World’s largest fully integrated online brand in fresh fish and meat e-commerce
Homegrown, organic and plant milk company, Koita has announced its expansion into
Today’s on-demand streaming services are ripe with docu-series and explainer videos on
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Tighter restrictions on hotels, restaurants, shopping malls and entertainment venues on account of
All hotels and restaurants have been directed to temporarily hold entertainment activities
Gone are the days of traditional brick-and-mortar as well as purely e-commerce
The Dubai Gold & Jewellery Group’s ongoing jewellery campaign, held in association
Retail Abu Dhabi, the retail platform of the Department of Culture and
Gulf Marketing Group (GMG) is gearing up for a continued surge in
UAE-based Emaar Malls have announced the resignation of its CEO, Rajiv Suri
The Lumière Co, a new e-commerce platform, has launched to offer young
Nakheel Malls, the retail arm of master developer Nakheel, has launched its
Serena Marketplace, a new community shopping and service centre for the Mediterranean-themed
Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created
