Spinneys Reports Q2 Profit Amid Reduced Footfall and Geopolitical Tensions

Dubai-listed retailer Spinneys announced a Q2 profit of AED90.6 million, with revenue slightly dipping due to regional geopolitical tensions disrupting supply chains and decreasing store footfall.

11 Aug, 08:04 — 11 Aug, 08:04

Post Share

Sources

Showing 1 of 1 sources

bloombergHigh1d ago

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. (Source: Bloomberg)

Read full article →

PERSPECTA

PERSPECTA

Spinneys Reports Q2 Profit Amid Reduced Footfall and Geopolitical Tensions

Sources

Retail Footfall Fell on Lower Tourism, Says Spinneys CEO

Related Stories

Norway wealth fund posts record $184 bln profit in first half of 2026

Wizz Air Opens New Base and Launches Four Routes at Brașov Airport

New EU Packaging Rules Take Effect, Restricting Single-Use Products

Bang & Olufsen Appoints Former Gucci Executive as New CEO

PERSPECTA