Sunday, October 13, 2019

Forever 21 Prepares for Potential Bankruptcy Filing

(Bloomberg) -- Forever 21 is preparing for a potential bankruptcy filing as the fashion retailer’s cash dwindles and turnaround options fade, according to people with...
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Online Retail Store 6th Street to be Part of Oman E-Commerce...

E-commerce is gaining a stronger foothold in Oman, with key industry players looking to invest in the e-market. To that end, the Sultanate is...
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India Proposes User Safeguard Rules for E-Commerce Platforms

(Bloomberg) -- India is proposing a series of consumer safeguards that forbid e-commerce companies such as Amazon.com and Walmart-owned Flipkart Online Services Pvt. from influencing...
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Oman’s Retail Sector in Transition Mode

Retail sales across four Gulf countries – Oman, Kuwait, Saudi Arabia and the United Arab Emirates are projected to increase by more than $24...
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Arnault Overtakes Bill Gates to Become World’s Second Richest Man

(Bloomberg) -- Bill Gates has never ranked lower than No. 2 in the seven-year history of the Bloomberg Billionaires Index. That run ended Tuesday when...
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DHgate’s Digital Trade Centre Opens in MGM

DHgate.com’s first wholesale storefront Digital Trade Centre (DTC) was launched at Muscat Grand Mall (MGM). With the introduction of the DTC, Chinese sellers can...
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Oman’s Upward Mobility Via E-commerce

Oman has been making headway in terms of digital transformation, and E-commerce is the obvious step forward. The Sultanate aims to encourage the growth...
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Huawei Inaugurates Its Largest Experience Store in Oman

Huawei Consumer Business Group (CBG) has opened its largest Experience Store in Muscat. The new store on the Ground Floor of City Centre Muscat...
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Ted Baker Plunges After Markdowns Deepen UK Retailer’s Crisis

(Bloomberg) -- Ted Baker plunged after warning that markdowns and “extremely difficult trading conditions” will hurt its results, another setback for the UK retailer...
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Salalah Grand Mall signs lease agreements

Salalah Commercial Centre hosted the signing ceremony of 27 new lease agreements for the new ‘Salalah Grand Mall’ mixed-use commercial complex located in the...
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