Russian shoppers caught in a currency crunch are staying away from the Dubai Shopping Festival (DSF) this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza.
Pablo Isla, the CEO of the Spanish clothing giant, travelled to Beijing to meet with Zhong Shan, China International Trade Rep and Wang Ashun, Mayor of Beijing, to confirm the group's ambitions in the Asian country.
Hennes & Mauritz, the world's second-biggest fashion retailer, saw higher sales growth than expected in December, helped by strong collections and colder weather after an unusually mild autumn in Europe.
The Franco-American trio are at the head of the Global Powers of Retailing ranking established by Deloitte based on the results from 2013. A ranking that includes clothing stores, department stores and luxury groups.
France's winter clearance sales have got off to a slow start as the nation mourns last week's deadly shootings in Paris. Retailers interviewed by Reuters reported revenues down as much as a quarter during the first of...