We have “far too many” malls that are all “similar”
What sets the stores in ION Orchard apart from 313@Somerset? According to this man, not much.
That man is Mr Kesri Kapur, regional head of the Al-Futtaim Group, which manages brands like Robinsons, John Little and Marks & Spencer.
In an interview with TODAY, Kapur commented that Singapore has “far too many” shopping centres that are identical to one another. He described this as a case of “over-retail”, where there are not enough shoppers for our malls.
The demise of some stores
Already, two John Little stores and one Marks & Spencer outlet are set to close. The reasons?
A shortage of staff, increasing operating costs, and a shift in consumption patterns toward online shopping. (Think taobao or blogshops like lovebonito.)
The plans of Al-Futtaim
The Al-Futtaim group intends to lure customers back by “improv[ing] its quality of service and widen[ing] its product offerings”. Kapur also dropped some hints, saying that consumers may be able to shop online by the end of this year.
The light at the end of the tunnel
Mr Kapur assured that as of now, Singapore remains one of the better places to shop at because of our “clean and safe environment”.
What does Roy Ngerng think about it?
More green spaces for you to heckle at hmm, Mr Ngerng?
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