Retail in Western Europe

  • Over $1bn worth of Swiss watches shipped to UAE in 2013

    UNITED ARAB EMIRATES, 2014/03/06 The price of Swiss watches imported into the UAE has risen 36 % in the last three years, putting the emirates in the top ten of nations for the luxury accessories, official figures showed. Cumulative 2013 figures released by the Federation of the Swiss Watch Industry have ranked the UAE as the primary Middle Eastern country for the importation of Swiss timepieces. The total price of Swiss watches into the UAE last year was 934.1 million Swiss Francs ($1.05bn), up a staggering 36 % since 2011 and up 9 % since 2012, reflecting the strengthening position of the UAE’s luxury retail market in 2013.

  • Eurozone retail sales declined slightly

    EUROPEAN UNION, 2013/11/07 Eurozone retail sales declined slightly additional-than-expected in September driven by the weakness in both food and non-food product turnover, data showed Wednesday. Elsewhere, a Purchasing Managers' survey today showed that services increase slowed in October, but at a slower than initially estimated pace. Services activity remained in positive territory for the third month running. The volume of retail sales dropped 0.6 % month-on-month, reversing August's 0.5 % rise, Eurostat reported. Economists had estimate sales to fall 0.4 % in September. Sales declined for the initial time in three months.

  • Monoprix opens 1st international supermarket chain in Libya

    FRANCE, 2013/08/12 France's Monoprix will be the initial international supermarket chain to set up shop in Libya, with 52 outlets in the next five years. Monoprix was brought to Libya by the HBG group under the Libyan entrepreneur Husny Bey through a franchising with the Tunisian Société Nouvelle Maison de la Ville de Tunis (SNMVT), which uses the Monoprix name. The initial supermarket was opened in the capital in March on a surface area of some 5,000 square metres and an extra 52 will be opened over the coming months in other areas of the capital and the rest of the country.

  • Eurozone retail sales slip

    EUROPEAN UNION, 2013/08/11  Eurozone retail sales, a key indicator or request in the economy, slipped in June even as other data suggested the bloc was finally turning the corner on a deep recession, official data showed Monday. Retail sales by volume in the 17-country eurozone fell 0.5 % compared with May at the same time as they rose 1.1 %, the Eurostat statistics office said.

  • German retail chain Müller

    CROATIA, 2013/07/01 German retail chain Müller are to heavily invest in Croatia. The Ulm headquarted giants have announced that they will open their major store in Croatia in the heart of downtown Zagreb on the major ban Jelacic square. “We are in the final phase of taking over the Varteks building on the square. It is a huge investment and we hope that the takeover will be complete within 2 months. Renovations could last from 6 to 9 months,” said Müller’s Sanel Skenderovic to Poslovni dnevnik. Müller as well plans to open a store in the popular Avenue Mall at the end of September.

  • Dutch retail giant SPAR to enter MidEast

    NETHERLAND, 2013/01/27 Dutch food retailer SPAR International plans to enter the Middle East, aiming to have 30 stores in the region by the end of 2015, its managing director said on Sunday. The company, which says it has over 12,000 stores worldwide, will have eight stores in Abu Dhabi, two in Qatar and one in Lebanon by the end of this year, Gordon Campbell told us;

  • SPAR Contract With Fortune 500 Consumer Goods Company in South Africa

    NETHERLAND, 2012/07/27 SPAR Group, Inc. (NASDAQ: SGRP) (the “Company” or “SPAR Group”), a leading supplier of retail merchandising and other marketing services throughout the United States and internationally, today announced that the company’s South African subsidiary, SGRP Meridian, has signed a $3.5 million annual arrangement with a multi-national consumer goods company. SPAR will provide in-store merchandising, demonstrations and auditing of their products throughout South Africa.

  • Germany plans to bar retail access to hedge funds 2012-07-26

    GERMANY, 2012/07/26
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