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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Indian mother and baby products retailer has been slow to grow in the two largest markets of the Gulf. What gives?
قصص آنية ومفصلة ومكتوبة بعناية من المنطقة
Timely, detailed and well-written stories from the region
FirstCry is having a hard time in the Mideast. In recent quarters, the Indian mother and baby retailer has been finding it increasingly difficult to grow, compete and carve a clear place for itself in the market.
Take its latest quarterly results, for instance. Revenue across the United Arab Emirates and Saudi Arabia grew by a mere 7% year-on-year to Rs 280 crore (around AED 113 million) in the three festive months that ended in December; gross merchandise value rose just 5%. In fact, GMV growth (year-on-year) has been stuck in single digits for three quarters now. The number of …
آراء حول أحدث التطورات في الأعمال والاقتصاد من محرر الشرق الأوسط
Views on the latest happenings in business and economy from our ME Editor
