Tag Archives | retail

LG opens Biggest Overseas Brand Shop in Iraq

By John Lee. South Korean electronics maker LG Electronics has reportedly opened its largest overseas brand shop in Iraq. The two-floor shop covers 870 square meters in the main commercial district of Erbil. Around 200 government and media officials attended an opening ceremony, according to a report from Nation Multimedia. (Source: Nation Multimedia)

Online Fashion Retailer Opens to Iraqi Customers

By John Lee. Dubai-based online fashion retailer Elabelz has started shipping to Iraq. According to a report from Forbes, it will "be the first pioneering player in the uncharted waters of Iraqi e-commerce market". The company, founded in May 2016, has reportedly developed a customized solution of delivery and payment for its clientele in Iraq, […]

Dubai-based Fashion Retailer to Expand in Iraq

Dubai-based Redtag, the value fashion and home lifestyle brand, has announced that it plans to open 20 more stores in the MENA region in 2016 including in Saudi Arabia, Oman, Egypt, Iraq, and Uzbekistan. Out of a total of the brand’s over 170 stores across the Middle East, 101 are currently in Saudi Arabia, with […]

Profits from Protest: Street Vendors Flock to Baghdad

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Profits from Protest: Street Vendors Flock To Baghdad For Demonstrators' Business The regular popular demonstrations being held in Baghdad every Friday are not just good for the country's democracy, they're […]

Auchan Hypermarket Closes

By John Lee. The French retailer Groupe Auchan has announced that its hypermarket in Erbil has closed down. The company described the closure as a "non-anticipated decision ... by the SI Retail shareholders, the English-law firm managing locally the hypermarket, due to the difficult situation encountered in the country." SI Retail signed an Auchan franchise […]

SI Retail Opens First Auchan Store in Erbil

On Wednesday, June 25th 2014, the first hypermarket under the French Auchan banner was opened in the Kurdistan Region of Iraq. This 6,000 sqm store is part of a 106-shop mall, located near the center or Erbil [Hewlêr]. The opening of this store is based on a franchise agreement between the Auchan Group and SI Retail, one […]

Is Iraq "the Next Big One"?

Following its survey of 10 Iraqi cities the market research organisation TNS Mena says Iraq could be "the next big one" for consumer spending. The company's CEO, Steve Hamilton-Clark, said: “Considering the economic slowdown in the developed world, more and more clients would like to enter the Iraqi market which has intrigued marketers for years, […]

TAG Heuer to Open Store in Iraq

By John Lee. Swiss luxury watchmaker TAG Heuer plans to open its first store in Iraq by either 2013 or 2014, company President and CEO Jean-Christophe Babin told Gulf News in an interview. Gulf News: You have opened a boutique in Iran and planning one for Iraq and Kurdistan. How much growth do you expect […]

Paris Gallery to Enter Iraq Luxury Goods Market

The Dubai-based Paris Gallery plans to open five new stores in Iraq over the next three years, according to a report from Gulf News. Randa Al Akkad, the head of franchise at Paris Gallery, said the first store is scheduled to open in Baghdad in 2013, with another two in Erbil and one in Basra […]

Luxury Retailer to Focus on Iraq

Paris Gallery, the Dubai-based luxury retailer, has scrapped plans to expand in Syria, Egypt and Lebanon, following the unrest in parts of the Middle East. Instead, the perfumes and cosmetics retailer will focus on economies it considers more stable, such as Iraq, Turkey, Azerbaijan and India. "We opened one store in Aleppo, but the process […]