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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

"We continue to receive very strong support from customers because of our exclusive brands," says Mr Yano.


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,...

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