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Singapore department store Robinsons is to close its store in Jem mall in what it terms an “amicable exit” after negotiations with landlord, Lendlease. The Robinsons Jem store will close by the end of August, leaving the Al-Futtaim Group-owned retailer with…
Offline retailers in South Korea, once on the verge of a crisis after consumers flocked to e-commerce vendors following the coronavirus outbreak, are now seeing a chance to make a comeback. As people remain indoors for extended periods due to work-from-home…
Panic buying is spreading like wildfire among a number of countries as fear of the coronavirus deepens. But large shopping malls in South Korea, however, are as peaceful as in the pre-coronavirus era. Experts argue that prior experiences in dealing with…
Malls in India affected by the coronavirus outbreak are seeking a bailout from the government to compensate for losses incurred during a mandatory shut down period through to March 31. The decision has affected both retailers and developers in the various…
Italian luxury fashion brand Versace opened a store on e-commerce site Lotte Premium Mall in South Korea on Monday. Lotte Department Store says the store is a collaboration with the official importer Versace Korea and the online mall. Forty lines of Versace…
Robinsons Retail has reported a 25-per-cent profit drop to US$75.2 million (PHP3.83 billion) last year and $18.8 million in the fourth quarter. However, net sales rose 22.8 percent to $3.2 billion for the full year driven by same-store sales growth of 3.4…
Malaysian department store chain Parkson will close its outlet in MyTown Shopping Centre, Cheras next month. The closure will come fast on the heels of recent shut-downs of Parkson stores at Suria KLCC and M Square Mall in Puchong, and occurs less than three…
Thailand’s Central Group has launched a new shopping mall, Porto de Phuket, in Phuket. Located at Thalang District, the 40,000sqm development is divided into seven highlighted zones, featuring a wide range of stores and Michelin-starred restaurants. The…
Indonesian retail shopping mall platform NWP Retail is set to acquire five shopping malls, two owned by local subsidiaries of Singapore-listed Lippo Malls Indonesia Retail Trust. The two Lippo Malls will be purchased for a total price of IDR1.30 trillion…
Located in Hanoi’s southwestern district of Ha Dong, the three-story mall occupies a 22,700sqm area, featuring 221 retail tenants covering food, fashion, household goods and entertainment. The new mall brings more than 40 brands new to the city including Koi…
SM Prime Holdings is launching a new lifestyle mall in Zambales, the Philippines. The firm’s 73rd shopping mall in the territory, a 72,000sqm four-story complex, will open in Olongapo city’s CBD with 85 percent tenant occupancy confirmed so far. It is SM…
Shopping malls in the Philippines are bucking international trends and are trading stronger than ever, says retail technology expert Nikki Baird. Their secret, she says, is that they offer a wider range of experiences to customers. “Shopping malls in the…
Alceon Group has announced the locations of two new Lego stores opening in Queensland this year. The investment firm, which holds the distribution rights for Lego in Australia and New Zealand, will open stores in QIC’s Robina Town Centre on the Gold Coast and…
Mall developer Triple Five announced that Aland’s 10,000sqft outlet will “bring everything that Korean fashion stands for to American Dream; unique designer brands worn by K-Pop stars, K-Beauty and more”. The multi-concept store is known for its range of…
Paya Lebar Quarter (PLQ) by Lendlease continues to realise its vision of transforming Paya Lebar into a vibrant business and lifestyle hub. The three Grade A office towers — home to 18 multi-national corporations and leading Singapore organisations — and PLQ…
Ikea Malaysia is preparing to open the first phase of a shopping centre linked directly to its blue-box home furnishing store in Batu Kawan, Northern Malaysia. With around 20 tenancies, the new retail destination is aiming to bring a vibrant new mix of brands…
