Month: April 2021

For any retailer, an enhanced shopping experience based on price and quality is a priority for customer retention and sustaining the brand value. These aspects are directly related to purchases, be it clothing or grocery, especially at physical stores.

This edition, UAE’s Best Retail Companies 2021, brings into spotlight, innovative retail companies that have ingrained their value propositions within the needs of their customers, seeking to become the most sought-after retail brands in the UAE.

One prominent name among such companies is the BFL (Brands for Less) Group, a leading off-price retailer of fashion, homeware, and toys. The group has expanded its business with more than 74 stores spread across six countries in the Middle East and Europe.

The goal is to prioritize customer satisfaction by integrating innovation at the very heart of what the company does, according to the BFL Group’s business model.

“Our retail model makes every … Read more

“Legacy is not what I did for myself. It’s what I’m doing for the next generation.”

These words by Brazilian mixed Martial Artists Vitor Belfort stand true to Rao Sahib Jashanmal, who by founding Jashanmal Group in 1919, left a legacy behind, which has become a global name catering to clients and creating job opportunities across different countries.

Since its inception, Jashanmal Group has been a reliable partner in retail space for international fashion and footwear, travel gear, home appliances, and publishing companies seeking an opportunity to enter the Gulf Cooperation Council (GCC) countries. Today, the group’s retail operations span over 150 stores in the UAE, Kuwait, Bahrain, Oman, and India. Our distribution network extends to more than 1,000 outlets.

Furthermore, under the leadership of CEO Khaled Soliman and with the strong support of a proprietary logistics network that manages freight-forwarding, warehousing, regional, and international supply chains, Jashanmal Group has … Read more

What is reality, if not the incarnation of our imagination?

How often do we contemplate the power that our imagination holds? Would it surprise you to know that every technological innovation known to the humankind is the manifestation of someone’s imagination?

The innovation of Augmented and Virtual Reality and the mediums of experiencing them were conceived from the very purpose of bringing imagination to life. This innovation paved the way for numerous companies tapping into its potential applications and the experiences it can deliver.

“The HOMIDO brand has decided to move towards a more B2B strategy and participate in major projects that have a meaning and a usefulness for health, for example beyond the use of leisure.”

This edition, Top 10 Companies Leading the AR/VR Revolution 2021, emphasizes on companies that have leveraged the capabilities delivered by this innovation. And one prominent name among those companies is Homido VR … Read more

Futures contracts tied to the major U.S. stock indexes slipped early Friday as investors pored over a flurry of earnings results and a robust profit beat from e-commerce giant Amazon.

Futures for the Dow Jones Industrials dumped 145 points, or 0.4%, to 33,804.

Futures for the S&P 500 slid 21.25 points, or 0.5%, to 4,182.50.

Futures for the NASDAQ Composite index lost 90 points, or 0.6%, to 13,863.50.

So far this week, the S&P 500 is up 0.8%, the Dow is up less than 0.1% and the NASDAQ is up 0.5%.

Amazon, the last of Wall Street’s mega-cap tech companies to publish results, reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to $108 billion.

The results blew past Wall Street expectations with the company earning $15.79 per share vs. the consensus estimate of $9.54.

Amazon’s results showed … Read more

The Co-operative Group is to stop selling plastic “bags for life” because, with many shoppers using them only once, they have become as big a problem as the single-use carriers they replaced.

With more than 1.5 billion “bags for life” sold each year Jo Whitfield, the chief executive of Co-op Food, said plastic pollution was a “massive issue” for retailers. “Many shoppers are regularly buying so called “bags for life” to use just once and it’s leading to a major hike in the amount of plastic being produced,” she explained.

While plastic bag levies have led to a dramatic reduction in the number of single-use bags in circulation environmental campaigners are now concerned about the impact of “bags for life” which use more plastic. Their sale, in huge quantities, is feared to be making the plastic problem worse rather than better.

Earlier this month Morrisons became the first supermarket to … Read more