SINGAPORE - The battered retail sector claimed another casualty last Friday (Oct 30) when Robinson's announced that it will be closing the shutters of its last two stores here at The Heeren and Raffles City Shopping Centre.
The demise of the 162-year-old retailer sends a clear signal that the traditional department store model has fallen behind the times, amid changing consumer preferences and the rise of e-commerce, said retail experts.
Please subscribe or log in to continue reading the full article.
Get unlimited access to all stories at $0.99/month
- Latest headlines and exclusive stories
- In-depth analyses and award-winning multimedia content
- Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
*Terms and conditions apply.
https://ift.tt/2HYcwzT
Business
No comments:
Post a Comment