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After two decades of operation, the well-known Singapore buffet restaurant, Carnivore Brazilian Churrascaria, has announced its impending closure at the end of September. The establishment, situated at Riverside View in Robertson Quay, shared the news via…
Daiso, a well-known Japanese retail chain offering a variety of economical household items, is preparing to shutter its second store in a span of four months after a lengthy 18 years of operation. The Daiso Sembawang Shopping Centre location is scheduled to…
Swedish furniture giant, Ikea, has announced that it will be shutting down seven of its outlets in China, effective from February 2. The decision was revealed in a statement issued by the company on Wednesday. The targeted locations for the shutdown include a…
Japanese department-store operator Takashimaya is to close its Shanghai department store after years of losses, and exit China. The company said it would recommend to shareholders at a special meeting on August 25 that its Shanghai Takashimaya Co subsidiary…
Michael Kors, the once-popular retailer that has been trying to turn itself around, said it expected same-store sales to continue to fall in 2018, and that it would shut more than 100 full-price retail stores in the next two years. Shares of the company…
American food chain Smoothie King has closed all seven of its stores in Singapore over the past month – although it says it is still keen to operate here within a franchise agreement. The news has shocked observers as the food and beverage segment is said to…
On Friday, Walmart announced it will close 269 stores globally as it struggles to compete with online retailers like Amazon. The news came as US retail figures showed lower than expected holiday sales figures across the market. Sales rose just 3% in November…
