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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

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

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,...

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