Return of pilgrims revitalises retail sector in Mecca and Madinah
The retail sector in Mecca and Madinah has become one of the biggest beneficiaries of the return of Hajj pilgrims in full capacity from all corners of the globe.
The…
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Zid launches Mazeed
Saudi’s retail development company Zid has launched ‘Mazeed’, a smart shopping solution for its products and stores.
CEO of Zid, Sultan Al ASmi, said that the launch of ‘Mazeed’ aims…
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Apparel Group teams up with Clarks
UAE retail conglomerate Apparel Group has announced its strategic partnership with footwear brand Clarks.
This alliance aims to expand Clarks’ retail footprint across Saudi Arabia with plans to launch more…
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Saudi card payments market can hit $141.86 billion in 2023, GlobalData reveals
The card payments market in Saudi Arabia is projected to grow by 14.60 per cent in 2023, reaching SAR 532.10 billion ($141.90 billion), according to data and analytics company GlobalData.…
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Saudi’s PIF to acquire 30 per cent of supermarket chain Tamimi Markets
Saudi Arabia’s Public Investment Fund (PIF) is planning to acquire a 30 per cent stake in local supermarket chain Tamimi Markets Company, the kingdom’s sovereign wealth fund said on Thursday.…
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Chalhoub Group’s brand Faces brings Skin Care Nation to Saudi Arabia
Chalhoub Group’s skincare brand Faces is set to open the first store of its concept Skin Care Nation in Saudi Arabia, at Granada Mall.
President of managed companies at Chalhoub…
Read MoreSaudi e-commerce market to drive retail sector growth, Kearney and Mukatafa reveal
Seventy-four per cent of Saudi online shoppers expect to purchase more from local e-commerce platforms than from foreign ones based in China, other GCC countries, Europe and America.
This is…
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BinDawood Holding’s Q1 net profit drops 20 per cent
Saudi retail operator of hypermarkets and supermarkets BinDawood Holding has reported a 20 per cent year-on-year drop in Q1 2023 net profit to 52 million riyals ($13.8 million) due to…
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Shaker Group’s net profit soars 94.91 per cent YoY
Shaker Group, a Saudi importer, manufacturer and distributor of air conditioners and home appliances, has announced its net profit reached SAR 28.77 million, up 94.91 per cent year-on-year. It comes…
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Elie Saab opens flagship store at Via Riyadh
Lebanese luxury label Elie Saab has opened a new flagship store at Via Riyadh, Saudi Arabia, as part of its expansion in the region.
The boutique features ready-to-wear and bridal…
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