By Shawn Lim
Singapore-based Robinsons department store, which has been around for more than 160 years, is shutting up its remaining stores in the country as it undergoes liquidation.
The department store was acquired by Al Futtaim Group in 2008 and has been on a digital transformation drive. It launched its first e-commerce store in 2016.
However, the Covid-19 pandemic has further exacerbated weak demand at its over 271,000 sq. ft. in retail space in two locations in Singapore, having suffered losses for at least the last six years from shrinking sales, according to The Business Times.
“We regret this outcome today. Despite recent challenges in Read full story ›
Source: The Drum