Robinsons to close last 2 stores in Singapore due to weak demand

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SINGAPORE: After more than 160 years in Singapore, Robinsons is closing its last two department stores at The Heeren and Raffles City Shopping Centre.

Robinsons, which is owned by the Al-Futtaim Group, said in a press release on Friday the decision came on the back of changing retail buying patterns and weak demand made worse by the COVID-19 pandemic.Robinsons has begun the liquidation process for the two stores and employees have been informed of the situation, the company said.

Robinsons management has also ensured that employees are supported with a payment in keeping with the Insolvency, Restructuring and Dissolution Act, it added. Robinsons' senior general manager Danny Lim said that the changing consumer landscape made it difficult for the department store to"succeed over the long-term".

 

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