Qatar Holding, who bought the Knightsbridge department store in 2010, paid themselves a bumper dividend after a record year.

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Wal-Mart to close 30 stores in Japan

Wal-Mart is planning to close 30 under performing stores in Japan, it has emerged.

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Ralph Lauren expects revenues to climb below the rate estimated by analysts, resulting in a drop in its growth forecast.

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Luxottica Q3 net profit rises 10% to €162m

Luxottica Group has reported a ten per cent third quarter net profit boost to EUR 162 million in its first set of figures released after a period of managerial destabilisation.

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Irish eBay enjoys soaring profits

In 2013, pre-tax profits after revenue at the Irish arm of eBay Europe rose by 22 per cent, from €46.3 million to €56.6 million last year.

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Irish retailers are looking forward to a bumper Christmas

Irish retailers are looking forward to a busy Christmas after new figures showed that sales are up by almost six per cent this year.

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Japanese video game and console manufacturer Nintendo reported net profits of JPY 14.3 billion (GBP 82 million) for the half-year, with the Nikkei rising 0.7 per cent.

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Microsoft reduced its workforce by 3,000 yesterday

Microsoft announced yesterday that, in line with its plan to cut its staff by 14 per cent or 18,000, it had reduced its workforce by 3,000.

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US retailer Target has announced a number of redundancies in its property development team, as it reins in store openings.

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Bloomingdales and Macy's to open in Abu Dhabi

Both US department stores Macy's and Bloomingdale's are set to open in the UAE capital of Abu Dhabi, in a 2.3 million sq-ft shopping complex called Al Maryah Central, located on Al Maryah Island.

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