Macro Finance
Retail Footfall Fell on Lower Tourism, Says Spinneys CEO
Bloomberg Markets·August 11, 2026·1 min read
Dubai-listed Spinneys reported a 2Q profit of AED90.6 million. The retailer's revenue dipped slightly, hit by regional geopolitical tensions that disrupted supply chains and cut store footfall. CEO Sunil Kumar spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa, attributing the decline to lower tourism affecting retail footfall.
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