As e-commerce giants put the squeeze on brick-and-mortar shops in the Lion City’s malls, savvy operators are rethinking the world of retail by offering food, drink ... and experiences. Online shopping has been blamed for the struggles of Singapore shopping malls. Throughout the day we publish retail news, intelligence, and analysis, facilitating and informing the retail industry in Asia and beyond. Well, this … Then, two days ago, we wrote about a closing down sale in Plaza Singapore’s John Little, and a day later, it was confirmed: John Little will be closing the Plaza Singapura outlet by the end of this year. 10 Retail Stores You Will Never See Again In Singapore Thanks To E-Commerce. In 2019, a significant number of retailers made the decision to close stores, with more than 9,000 locations reportedly shutting down throughout the year. Another store closing its doors, but planning to reopen in another area next year, is CB2, the sister store of US furniture and homeware brand Crate & Barrel. It is not uncommon anymore to walk into a shopping mall to find it devoid of crowds and anchor tenants of international brands. How long will it hold out? Through July 5, 2019, large U.S. retail chains announced 7,062 store closures, according to Coresight Research.That compares with 5,864 store closings for all of 2018. SINGAPORE - All 22 Sasa International shops in Singapore will be shut down, the Hong Kong cosmetics giant announced on Monday (Dec 2), in a move that is likely to affect about 170 workers. (WJZ) — Baltimore County’s retail stores and some personal services are officially open for business as of 9 a.m. Friday morning.
Along with this, they made plans to exit most of their international locations in Asia and Europe, and close up to 178 stores in the US. … The staggering rate of store closures that rocked the retail industry over the past couple of years continued in 2019, with retailers setting a new record for store closings over the last 12 months. Our sister site, Inside has been a trusted source of retail … is Asia’s leading authority on retail industry news and trends. TOWSON, MD. The list of mall retailers closing shops this year only continues to grow: Ascena Retail Group (Ann Taylor), at least 268 stores Best Buy cell phone shops, 250 stores Now, another household name in the local retail scene is waving its white flag. This is one name on the list that didn’t close its shutters in Singapore, but it has also confronted a dreary fate this year. As early as 2014, a survey by Visa ranked Singaporeans as the top online shoppers in South East Asia , while an industry report by Google and Temasek Holdings forecasts the Singapore’s e-commerce industry to grow to S$7.5 billion by 2026 .

In September, Los Angeles-based fashion retail giant Forever 21 filed for bankruptcy. We have 94 Closing Down ads under For Sale category. Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Singapore retail industry.
The Hong Kong-listed fashion house says it will close 56 shops in Singapore, Malaysia, Taiwan, Hong Kong and Macau by June 30, and is ‘winding down’ in China. More than 6,400 stores are shutting down — here's the full list Dennis Green and Anaele Pelisson 2017-09-06T16:57:35Z The Raffles City outlet was shuttered on July 28 while the one at Parkway Parade closed on Sept 1. M. Shazni 2016-05-04 13:00:18. Singapore retail sales slump 33 per cent in April Singapore retail sales – excluding motor vehicles – plummeted 32.8 per cent in April as the Covid-19-related lockdown saw non-essential retailers closed. The decision follows an appalling slump in sales during the last nine months, which worsened during the March quarter when the Covid-19 crisis hit, forcing retail stores to close or reduce trading across many markets. SINGAPORE - All 22 Sasa International shops in Singapore will be shut down, the cosmetics retailer announced on Monday (Dec 2), in a move that is likely to affect about 170 workers. While Singapore’s retail sales have gone down, online shopping has increased. The closure was due to—you’ve guessed it right—strong competition from e-commerce. MPH Bookstores announced in July that it was closing its last two shops here. Between homegrown household names and … Executive director Yung Ong of the Singapore branches of Crate & Barrel and CB2, says after three years unprofitability, it … Traditional U.S. retailers are on course to close more stores than they did in 2017, when major retail chains closed a record 8,139 stores. Just last week (Dec 2), beauty chain Sasa announced that it will be closing all its 22 stores in Singapore. Crippled apparel group Esprit is to close all its stores in Asia, except those in Mainland China, by the end of June. Singaporeans are spending more and more money online.

Get the best deals on Closing Down ads in Singapore. Retail is the last frontier of social interaction as restaurants, bars, museums, entertainment venues and virtually everything else shuts down. 0 . This year, we have been repeatedly shocked by well-known stores dropping sudden “closing down” announcements in Singapore. Retail developers in the current climate are feeling the brunt of the age of internet-shopping.

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