Retail News
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Egypt’s Tobacco Pioneer, The Eastern Company, Sees Skyrocketing Revenues
The Eastern Company's revenues surged by 54 percent in the second quarter of the fiscal year 2023/2024.
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Philip Morris Egypt raises prices of cigarettes for 2nd time in 2024
For the second time this year, Philip Morris Egypt raised prices for packs of Marlboro, Merit, and L&M cigarettes by 5 EGP.
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How to incorporate AI into retail operations
AI can help retailers in Egypt revolutionize their operations, better serve their customers, and ultimately thrive in the competitive marketplace.
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Egypt’s cigarette prices see increase starting Sunday
The Cleopatra box with 10 now costs 24.5LE, while the King Size is at 34.5LE.
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Egyptian tobacco distributors can hike prices by up to 12%
Tobacco distributor Al Mansour International Distribution Company, Philip Morris, and Eastern Company all hiked their prices earlier this year.
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Egypt to launch ‘Price Radar’ app in July to limit monopoly of prices and goods
The application allows the user to specify the location, store, and price of the item, attach a picture of the price and search up the prices of goods
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Egyptian PM aims to bring down prices of essential goods by 15-20 percent
Egyptian Prime Minister (PM) Mostafa Madbouly launched a new measure aimed at tackling the escalating inflation and alleviating the burden on citizens
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Spinneys continues to expand across Egypt with new opening in October City
Spinneys opened its first branch in Egypt in 2006 and has since made significant strides to increase its presence locally.
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5 ways AI is changing digital marketing
Expected productivity gains from AI are currently fuelling soaring share prices. Here are a few examples from marketing.
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Egypt Achieved Gains from the Deal to Sell a Stake in Eastern Company
During the state's repeated offering of its shares, no tobacco company came forward to buy a stake, except for an Emirati company.
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JT Group opens new office in Cairo
JT Group has opened a new Japan Tobacco International (JTI) office in Cairo and held a series of important meetings with strategic stakeholders.
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Last week to enjoy Amazon.eg's Ramadan sales
Beyond the discounts of up to 50% across 30 product categories, Amazon.eg seeks to elevate the Ramadan journey for its customers.
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Eastern Company explains reasons behind tobacco price increase in Egypt
He noted that 95 percent of cigarette components are imported and that the price of cigarette filters has increased by about 400 percent.
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Philip Morris Egypt announces increase in foreign cigarette prices
This applies to all of the heated tobacco products, HEETS and TEREA, and traditional cigarettes for the Merit, Marlboro, and L&M brands.
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Cairo retail sector rents rose by 9% in 2023 – JLL
The retail sector saw limited project launches and completions in Cairo in 2023.
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Top 10 electronics retailers in Egypt
With continued government support and collaboration with global brands, Egypt's position as a regional electronics hub is strengthening.
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10 things you need to know about the closure of retail brands in Egypt
This move comes as a response to the prevailing economic challenges, including the devaluation of the Egyptian Pound.
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Alshaya Group closes down Debenhams, Mothercare, The Body Shop in Egypt
Alshaya Group, a key regional operator overseeing renowned brands such as American Eagle, H&M, and Victoria’s Secret to scale down in Egypt.
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Local Brands: From Online to On-site Bazaars
Egyptian local brands are applying online-to-offline (O2O) commerce strategy.
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Explaining an enigma: Inflation rates declining but prices keep rising in Egypt
Ahram Online picked the brains of two financial experts on why prices are still rising in Egypt despite recent official data showing that inflation.