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NielsenIQ weighs in on private label popularity and tech preferences in Saudi
Some 71% of Saudi participants are ready for more private label variety
Retail real estate demand to maintain momentum in the next two years -S&P
This will be driven by population growth, tourism inflows, and the expansion of mixed-use developments and gigaprojects
Rents at Riyadh’s mega malls up 4.2% y-o-y in 3Q - Knight Frank
Rent at Riyadh’s shopping malls sat around SAR 2.8k per sqm
Eyewa secures USD 100 mn in a series C funding round
Eyewa plans to open 100 new stores in 2025
eXtra’s bottom up 32.1% y-o-y for 3Q at SAR 156.2 mn,
Revenues were up 10.4% during the period at SAR 1.6 bn
PIF acquires an additional 30% in UK department store chain Selfridges
The fund will hold an overall 40% minority stake in the business.
Magrabi and Rivoli Vision merge for regional expansion
The merger is targeting double-digit revenue by 2027
BinDawood earmarks SAR 1.5 bn for expansion plans
The company is looking to roll out robots at its stores
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