What: the department store is shutting down its two last units in Singapore

Why it is important: with the closure of this two units, the retailer will exist the country after 162 years

Robinsons liquidates its two department stores in Singapore (located at at The Heeren and Raffles City Shopping Centre), exiting the country after 162 years. Owned by the United Arab Emirates-based Al-Futtaim Group since 2008, Robinsons has been suffering losses for the last  years from shrinking sales. Danny Lim, Robinsons' senior general manager, said: “We regret this outcome today. […] 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.” The two Robinsons stores in Malaysia will also undergo a similar liquidation process.

Robinsons to close last stores at The Heeren and Raffles City