Naiise to close remaining store at Jewel Changi Airport amid financial issues

HOMEGROWN retailer Naiise will close its Jewel Changi Airport store - its last and largest in Singapore - this Sunday, amid an ongoing struggle to pay its vendors.

Flash Coffee raises US$15m, plans 300 more stores in 2021

ROCKET Internet-backed coffee chain Flash Coffee has raised US$15 million in Series A funding led by global tech investment firm White Star Capital to expand the brand in ten markets across the...

The retail scene in post-pandemic Singapore

THE retail sector is dynamic, constantly responding to varying needs and ever-evolving consumer behaviour. Transformed by the Internet, today's retail landscape is a different creature from what...

Easing of WFH rules leaves CBD retailers hopeful, but uncertain

RETAILERS in Singapore's Central Business District (CBD) welcomed the easing of work-from-home (WFH) restrictions on Wednesday.

Online grocer Jocom debuts on 1exchange to raise funds for expansion plans

MALAYSIA-BASED online grocer Jocom on Thursday made its debut on 1exchange (1X), Singapore's first regulated private securities exchange, to support its local and overseas expansion plans.

Robinsons did not survive, but heartland malls just might

DEPARTMENT store Robinsons closed its last outlet in Singapore early this year after 162 years of operations. It shows how retail operators with physical outlets are struggling amid the relentless...

Cortina completes acquisition of Sincere Watch

MAINBOARD-listed luxury watch retailer Cortina Holdings has completed the acquisition of privately-held Sincere Watch for S$84.7 million, it said in an exchange filing early on Wednesday morning...

NEX mall owner bags S$900m green loan from DBS, OCBC and UOB

GOLD Ridge, the owner and developer of NEX, has bagged its maiden green loan totalling S$900 million from DBS, OCBC and UOB to refinance the shopping mall.

Suburban malls can still thrive despite retail disruption from online shopping

RETAIL operators with physical outlets are struggling due to the relentless rise of online shopping both in Singapore and overseas.

One-third of Singaporeans made first online purchase amid Covid-19 measures: poll

NEARLY three in four (74 per cent) consumers in Singapore are shopping online more frequently as a result of the Covid-19 pandemic, a Visa study showed. One-third (31 per cent) of Singaporeans...

Technology will drive the reboot of the mall in Singapore

THE one-two punch of technology disruption and Covid-19 has been the latest blow dealt to the local retail landscape, particularly for brick-and-mortar stores that were already struggling pre-...