Business1 outlet
Retail Footfall Fell on Lower Tourism, Says Spinneys CEO
Spinneys, a Dubai-listed retailer, reported a 2Q profit of AED90.6 million despite facing headwinds from reduced consumer traffic and supply chain disruptions. The company attributed the slight revenue decline to regional geopolitical tensions that negatively impacted both store footfall and operational efficiency. CEO Sunil Kumar highlighted these external challenges as key factors affecting the retailer's recent performance.
Readers say
How does this story lean?
Outlet ratings above are Trace's curated source map. Vote here (same as on the home feed) — one vote per browser, changeable anytime. Rate individual outlets in the coverage list below.
How does this lean?
Comments
0No comments yet. Say what you noticed in the coverage.
Trending