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Retail Footfall Fell on Lower Tourism, Says Spinneys CEO

Bloomberg Markets Tuesday 11 August 2026, 08:04 UTC 1 min read
Key Points

Aug 11th, 2026 Retail Footfall Fell on Lower Tourism, Says Spinneys CEO Dubai-listed Spinneys reported profit for 2Q of AED90.6 million. The retailer says revenue dipped slightly, hit by regional geopolitical tensions that disrupted supply chains and cut store footfall. Sunil Kumar, CEO of Spinneys spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa.

Aug 11th, 2026 Retail Footfall Fell on Lower Tourism, Says Spinneys CEO Dubai-listed Spinneys reported profit for 2Q of AED90.6 million. The retailer says revenue dipped slightly, hit by regional geopolitical tensions that disrupted supply chains and cut store footfall. Sunil Kumar, CEO of Spinneys spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa.
Spinneys (PERSON) Dubai (LOCATION) Sunil Kumar (PERSON) Bloomberg (ORG) Abeer Abu Omar (PERSON) Horizons Middle East (LOCATION) Africa (LOCATION)
Originally published by Bloomberg Markets Read original →

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