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UAE mall delays hit retailers
- United Arab Emirates: Sunday, August 19 - 2007 at 13:47
An un-named industry source has said retailers in the UAE are incurring heavy losses due to the regular delays to the opening of new malls, reported the Business Weekly. The source claimed that landlords give tenants no notice of delays and very often retailers will have bought stock and hired staff. Long delays are especially damaging to fashion retailers as they tend to buy stock according to the season.
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Jonathan Sheikh-Miller, Deputy EditorSunday, August 19 - 2007 at 13:47 UAE local time (GMT+4)
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