SINGAPORE - The battered retail sector claimed another casualty last Friday (Oct 30) when Robinsons announced that it will be closing the shutters of its last two stores here at The Heeren and Raffles City Shopping Centre.
The demise of the 162-year-old retailer sends a clear signal that the traditional department store model has fallen behind the times, amid changing consumer preferences and the rise of e-commerce, said retail experts.
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