Robinsons may quit one Kuala Lumpur site
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Singaporean department-store chain Robinsons may close one of its locations in Kuala Lumpur before its lease expires due to lackluster performance.
The store launched a four-story 20,000sqft space in The Shoppes in Four Seasons Place less than two years ago, which has failed to live up to the firm’s expectations in terms of footfall. Its other outlet in the city has been operating since 2007.
Robinsons has reportedly approached other department store operators in the territory to take over the space, including Parkson – which vacated its longstanding space in the neighboring Suria KLCC mall just last year.
According to a report in The Edge, discussions between tenant and landlord are ongoing to determine the firm’s exact date of departure, which is likely to be in the third quarter this year. Robinson’s has filed widening financial losses in recent years.
Questions & Answers
Q.Which specific Robinsons store in Kuala Lumpur is facing potential closure?
Which specific Robinsons store in Kuala Lumpur is facing potential closure?
The Robinsons store that opened in The Shoppes at Four Seasons Place less than two years ago is the one under consideration for early closure. It occupies a four-story, 20,000 square foot space.
Q.What is the primary reason cited for Robinsons considering closing this Kuala Lumpur site early?
What is the primary reason cited for Robinsons considering closing this Kuala Lumpur site early?
The store is considering an early departure from its current location due to its 'lackluster performance'. It has specifically failed to meet the firm's expectations regarding customer footfall since opening.
Q.Which other department store operator has Robinsons reportedly approached to take over the space?
Which other department store operator has Robinsons reportedly approached to take over the space?
Robinsons has reportedly approached Parkson, among other department store operators in the region, to potentially take over the space. Parkson recently vacated its long-term location in the nearby Suria KLCC mall.
Q.When is Robinsons likely to depart from the site if discussions with the landlord are successful?
When is Robinsons likely to depart from the site if discussions with the landlord are successful?
Discussions between Robinsons and the landlord are ongoing to finalise the exact departure date. However, according to a report in The Edge, the firm is likely to leave in the third quarter of this year.
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