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The wait for Apple fans will be over soon. Apple Orchard Road – the official name of the Apple retail store here – will be opening its doors on May 27 at 10am. Close to midnight last night, workers were seen pasting the opening date on the white facade…
Rising vacancies and plunging rentals in shopping malls may be a headache for landlords, but it is not all bad news for retailers who have taken advantage of lower rentals to snag prime locations for their flagship stores. More than 10 flagship stores were…
Singapore retail rents slipped by 4.2 per cent in 2016 – an improvement on the 5.7 per cent decline of 2015, according to data from Edmund Tie & Company research. And they should remain resilient in the year ahead. The islandwide average monthly retail gross…
Usually, at this time of the year when Chinese New Year (CNY) is just around the corner, Ms Evelyn Ng, a shop assistant at a candy store, would be very busy at work. These days, however, business has been lukewarm — so much so that the shop will be moving out…
Singapore retail rents slipped 1.3 per cent in the last quarter of 2016, compared with the previous quarter. According to data from JLL Singapore, included in a pan-industry market review, retail rents were under most pressure in the Marina quarter where most…
Prime retail rents fell faster in Q3 Orchard rents fell 0.9% to $39.86 per sq ft. Leasing activity slowed and the rental decline quickened in Q3 2016 due to continued headwinds from poor overall retail sales and online competition. Based on rental records…
Singapore’s retail sector is going through a rough patch. As the economy slows, shops are being boarded up and retail rents are falling. And yet, amid this gloom, consumers continue to spend – though there is a shift in the pattern and quantum of their…
With the relevance of the Great Singapore Sale (GSS) in doubt, going by falling retail sales, questions have been raised about what went wrong with the sale. Many consumers have pointed out that the annual sale of 23 years is not that great, as the discounts…
American brand Elizabeth Arden, one of the oldest names in the beauty industry, is embarking on an ambitious repositioning plan and its president is counting on her Singapore roots to steer the beauty behemoth ahead of the competition. “Being a Singaporean,…
ALODD by Aldo Lipari is a new Singapore-based label to step out into the retail scene in Singapore. The footwear brand is founded by Aldo Lipari, who brings his wealth of experience as the former CEO of Bally Southeast Asia / Oceania, drawing on his know-how…
French multi-brand beauty retail giant Sephora opened its new local flagship store at Ion Orchard to much fanfare last Friday. The store sprawls across 10,000sqf on basement 2, and features a refreshed store concept from its previous premises on level 1,…
A post on Chinese social media platform WeChat touts Orchard Road as a prime spot for a selfie, with its backdrop of high street brands and clean surroundings. Another post raves about the value of the dishes at seafood restaurant chain Fish & Co, where…
The Great Singapore Sale (GSS), which starts on Friday (June 3), has been extended from eight to 10 weeks this year to cater to tourists from the region. And for the first time, UnionPay International cardholders will get extra perks during the sale, under a…
Orchard Road is meant to be Singapore’s premier shopping belt, but you wouldn’t know it if you strolled into many of the malls along the 2.2km stretch these days. The vacancy rate in malls within the Orchard planning area hit a five-year high in the first…
More shops are moving to the suburbs. More retailers are opting to vacate their prime spaces in Orchard Road and move to the heartlands instead, according to a report by CBRE. This trend exacerbates the problems ailing Singapore’s retail leasing scene, which…
As Singapore retailers face pressure from the slowing economy, Orchard Road malls are looking for new ways to draw the crowds. Besides renovating the mall and changing the tenant mix, landlords are also throwing in free performances in a bid to attract the…
