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Is traditional fashion retail going out of style?

Published Sun, Jul 13, 2014 · 10:00 PM
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[SINGAPORE] In the tragic Greek chorus of retail, the apparel business must surely be wailing the loudest. Some of them have stopped wailing altogether and simply disappeared.

In 2012, the "wearing apparel" category shrank to 2,576 establishments from 2,681 the year before, even as the majority of retail categories grew in number. The apparel segment was in terrible company, shrinking alongside the twilight category of "books, newspapers and stationery" retailers.

Rising rents and manpower costs have put the squeeze on retailers in general, but those in the business of hawking threads have felt the fallout particularly keenly.

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