Swedish homewares retailer plans GCC expansion
Sweden-headquartered homewares retailer, Clas Ohlson has announced it is to open its first store outside of Europe this week, with the launch of a new store in the UAE, The Retail Bulletin has reported. This comes after the signing of a franchising agreement with SYH Retail to establish Clas Ohlson’s retail concept in the GCC region, where it plans to open at least 20 stores over the next five years. The first store will be situated in Dubai’s Mirdif City Centre, one of the largest shopping centres in the GCC region. A second store will open in the region in 2014.