As department stores go on life support, can experiential shopping, sharpened curation save them from flatlining?
At least five department store chains in Singapore have downsized in recent years, and two have exited the scene since 2016
Add BT as a preferred source
[SINGAPORE] Once coveted as anchor tenants by malls, department stores are threatened by the rise of e-commerce and shifting consumer preferences.
The impending closure of Isetan’s Tampines Mall outlet, announced in May, is the latest in a series of shutterings since Covid-19.
To stay competitive, department stores should consider smaller stores with tighter product curation, as well as in-store experiences, observers told The Business Times.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?
