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Damas opens nine new stores at Dubai Mall
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 14 January 2009
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Posted on Monday, 19 January 2009
Leaders in the league
Posted by Jaya P at 12:15 UAE time
No doubt there are many big companies which are yet untouched by this recession period. But these companies have to realize that by opening new outlets in big malls will only add to their rapport and people who are adversely affected by this recession period will only read about such news and forget about it. End of the day they will have no returns on their investments.
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Posted on Sunday, 18 January 2009
Damas opens nine new stores at Dubai Mall
Posted by xxx at 09:45 UAE time
The last sentence of your article reads as follows:
"Damas operates 467 stores in 18 countries around the world, as of June 30, 2008."
This seems like out-dated information in the current scenario.
With these nine new stores in place, I would like to know the correct number of stores that Damas has of date, has and is closing down left-right & centre, so that consumers get the right picture.
Market rumours are talking about as many as 100 stores over the next one year in various parts of the world. However, 30 are identified for immediate closure. A lot of people have lot their jobs and their families displayed due to that decision.
The customers have a right to know the truth, instead of soft reports that continue to glorify business here & state of only marginal drops.
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Posted on Thursday, 15 January 2009
Damas
Posted by robert at 10:30 UAE time
Wake up and smell the coffee Damas we are in a recession/depression daaaaaw!
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Posted on Wednesday, 14 January 2009
sounds like a mistake waiting to happen
Posted by michael at 16:07 UAE time
this sounds like over expansion, especially in such a sensitive economic period. interestingly, as we have seen with real estate developers, you can bet that regional and local companies of other industries will pay dearly for poor planning and strategy. lack of depth, structure, and business sense will be much more apparent in bad times then good.
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Market share of recession ?
Posted by Tony at 15:55 UAE time
I wish the best for this luxury industry leaders as they do not see that the stores are empty and that they are unwilling to accept that we are in this deflationary environment.
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