What: another department store closing

Why it is important: the crisis has put pressure on retailers; and the less performing branches of department store chains are not spared by the restructuring plans

British retailer Marks & Spencer is closing its outlet at Raffles City Shopping Centre on 31 December, after 34 years of operations. The retailer’s 10 other stores islandwide will remain open. Marks & Spencer is part of the Dubai-based Al-Futtaim group, and so is Robinsons who also shut its Singaporean operations after 162 years earlier this year. The Marks & Spencer branch at Raffles City is the only one closing as the lease is signed under Robinsons.

Marks & Spencer shuts store in Singapore

Related items:

• Robinsons permanently closes stores in Singapore
• Robinsons at Jem closing down in August 2020