DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centres, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. The Emaar Malls bid is the latest move by Dubai billionaire Mohammed Alabbar who chairs Dubai's largest publicly listed developer Emaar Properties.
DUBAI, March 27- Dubai's Emaar Malls, operator of the Middle East's most glitzy shopping malls, has made an $800 million offer for Middle Eastern online retailer Souq.com, potentially setting up a bidding war with Amazon.com Inc.. Emaar Malls, operator of the Dubai Mall, is the retail unit of Dubai's largest publicly traded property developer Emaar Properties.
On Thursday, it won more than a $1.5 billion tax dispute with the internal revenue service.
Acquisition of Souq.com is set to shake up sector but local competition will be fierce, Financial Times reports.
Pacific Crest predicts annual sales for Alibaba's cloud computing business will grow 69 percent per year through 2021.
March 23- That retail stocks face an ever-dimmer future is now something of an investing truism. That the internet retailers which are displacing them are also vulnerable to many of the same forces is also true, but much less well understood. Shares in Sears Holding Corp tumbled as much as 15 percent on Wednesday after the once-ubiquitous retailer said that "...
*Talks on raising fresh funds from China not successful-sources. HONG KONG/ MUMBAI, March 23- Indian online retailer Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd as it battles to remain competitive, sources with direct knowledge of the matter said. "Snapdeal has been...
DUBAI, March 22- Amazon.com Inc has agreed in principle to buy Dubai- based internet retailer Souq.com, one of the best-known names in the Middle East's online shopping market, sources familiar with the deal said on Wednesday. Kuwait, Saudi Arabia and the United Arab Emirates are among the top markets worldwide for mobile phone penetration.
DUBAI, March 22- Amazon.com Inc has agreed in principle to buy 100 percent of Dubai- based online retailer Souq.com from its shareholders, sources familiar with the deal said on Wednesday. Kuwait, Saudi Arabia and the United Arab Emirates are among the top worldwide for mobile phone penetration. "Amazon acquires business that they see as tangential to the core...
A delivery service announced Tuesday it will start making runs to Costco to pick up orders for customers.
DUBAI, March 22- Amazon.com Inc has agreed in principle to buy 100 percent of Dubai- based online retailer Souq.com from its shareholders, sources familiar with the deal told Reuters on Wednesday. Souq.com, which sells consumer electronics, fashion, household items and other goods, is one of the most high-profile names in the Middle East's online shopping market.
DUBAI, March 22- Amazon.com Inc has agreed in principle to buy 100 percent of Middle Eastern online retailer Souq.com from its shareholders, sources familiar with the deal told Reuters on Wednesday. Amazon declined to comment and a spokesperson for Souq.com could not immediately be reached for comment. Goldman Sachs helped to arrange the deal, the sources said.
LAS VEGAS, March 21- Amazon.com Inc is expanding a program to remove counterfeit goods from its website this spring as part of a broader push to assure brand owners that the online retailer is an ally rather than a threat. As early as next month, any brand can register its logo and intellectual property with Amazon so the e-commerce company can take down listings...
Amazon releases 2-hour home deliveries through Alexa.
Bob D'Loren, Xcel Brands chairman & CEO, and Judith Ripka, Judith Ripka Brand, talk about the rapidly changing retail landscape and how retail in adjusting to these trends by blending a convergence of shopping entertainment and social experience. We change our style every few weeks, says Ripka. Also D'Loren explains how a border adjustment tax would impact his company.
Aside from SXSW, Austin is also ground zero for a booming craft liquor market.
iPhone users can now access Amazon's artificial intelligence voice assistant through the Amazon app.
The e-commerce giant has just been awarded two patents related to its delivery drone fleet.
*H&M full Q1 results due March 30. *Feb apparel sales down 9 pct in Germany. LA CORUNA, Spain/ STOCKHOLM, March 15- Fashion retailer H&M's sales fell unexpectedly in February while Inditex, which owns Zara, pulled further ahead of its Swedish rival, helped by its expansion online and a bigger emerging market presence.
*Net profit to end-Jan year rises to 3.16 bln euros. LA CORUNA, Spain, March 15- The world's biggest clothing retailer, Zara-owner Inditex, reported a 10 percent jump in annual net profit on Wednesday as strong growth in emerging markets and increased online presence outweighed negative currency effects. Inditex, known for speeding the latest trends from runway...