Robinsons to close last stores at The Heeren and Raffles City
SINGAPORE - Robinsons is liquidating its two department stores at The Heeren and Raffles City Shopping Centre, the retailer said on Friday (Oct 30). This means that Robinsons' last two stores will be closing and the company will be exiting from the Singapore physical retail scene after 162 years. Robinsons said in a statement that the liquidation decision was made after the store’s "inability to continue operations due to weak demand at department stores". Mr Danny Lim, Robinsons' senior general manager, said: "We regret this outcome today. Despite recent challenges in the industry, the Robinsons team continued to pursue the success of the brand. However, the changing consumer landscape makes it difficult for us to succeed over the long term and the Covid-19 pandemic has further exacerbated our challenges. "We have enjoyed success over the years, and it has been an honour for Robinsons to serve the Singapore market. I am grateful for the dedication of our team, and for the support shown by our customers over the years." Robinsons said that the dual trend of more people turning to online shopping and lower demand for department stores is to blame for slumping retail sales, a problem...
