Spinneys Retail Traffic Up After Initial Iran War Hit

Dubai-listed Spinneys reported profit for 2Q of AED 90.6 million. The retailer says revenue dipped slightly, hit by regional geopolitical tensions that disrupted supply chains and cut store traffic. Sunil Kumar, CEO of Spinneys said despite earlier weakness in footfall, June came back with a double digit growth. He spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa. Video headline and description was edited to add context on the retail footfall improvement in June. (Source: Bloomberg)