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Saturday, 18 February 2012

Bloomingdale's Dubai sales 'back on track' - Retail -

Macy's Inc chief executive Terry Lundgren has said sales at its Bloomingdale's store in Dubai are "back on track" after first year blues.
He told a group of aspiring fashion industry executives that sales in the first year of the Dubai store, which opened in 2010 as part of a $73m joint venture with Al Tayer Group, were disappointing.
But he added that sales had picked up in the second year of operations, without giving further details, Reuters reported.