‘Building the next sunrise’: Metro pivots to global tie-ups, immersive concept stores to woo shoppers
Group does not plan to exit troubled industry, hopes to stabilise loss-making retail operations in one to two years
Add BT as a preferred source
[SINGAPORE] With shrinking margins, weaker spending and rising operating costs, retail has often been written off as a sunset industry in Singapore – especially after household-name department stores such as Robinsons exited the market, and Isetan and BHG Singapore downsized.
Metro views things differently.
“We see it as a sunrise industry. Every retailer is going through the same challenges, and the objective for us is building resilience,” Erwin Wuysang-Oei, chief operating officer (COO) of Metro’s retail arm, told The Business Times.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
