Phu My Hung Co has recently said that Crescent Mall complex covering an area of over 45,000 square metres will be officially put into use in November.

CB Richard Ellis, the marketing agent for the Savico Mega Mall, has announced that it achieved 82 per cent occupancy rate.

Growth in South Africa's retail sales accelerated to 7.1 percent year-on-year at constant prices in August from an upwardly revised 3.0 percent in July, Statistics South Africa said on Wednesday.

The volume of retail trade in January-September 2011 increased in comparison with the corresponding period of the previous year by 12.8% and reached KZT 2,557.5 billion.

In Georgian capital tightened rules of street trading entered into force. The Parliament has finally approved the amendments to the Code of Administrative Violations.

Retailers have come under pressure from the Zimbabwe Revenue Authority (Zimra) to expeditiously install fiscal tax devices by the end of the fourth quarter in order to plug leakages from the system and augment revenue collections.

Arab company Fawaz Abdulaziz Alhokair, which is headquartered in Saudi Arabia plans to open stores of 325 brands in Georgia as part of an investment of the International Finance Corporation.

In a bid to cash in on the festive mood, department stores in Kathmandu have come up with attractive schemes and discount offers. From noted names like Bhat Bhateni to newly opened outlets, almost all of them are offering something or the other.

The opening of the R450 million Greater Edendale Mall in Pietermaritzburg last week, plus the major revamps of three other malls, has reflected the dynamic investor confidence in the capital city.

South African retailers could continue to grow on the back of volume growth and increased consumer spending capacity, Credit Suisse said and began coverage of Truwoths, Woolworths and Steinhoff with an “outperform” rating.