Takashimaya Singapore sales up 2% last year but profits slip
Strategy of refreshing store regularly pays off, but retailer is mulling entry into online retailing
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Kalpana Rashiwala
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Singapore
TAKASHIMAYA Singapore, which runs the popular Orchard Road department store, posted a 2 per cent increase in sales to hit a record S$652 million last year, amid tough operating conditions and the competitive retail landscape here.
But its net profit continued to fall, easing 6.7 per cent to S$43 million for the year ended Dec 31, 2014, from S$46 million the year before.
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