Shops all empty, retail sector habis

[Watchman]

It's been obvious that most shops in Orchard Rd are underwater. Many of the new shops in Ion, Central, Iluma, The Cathay look so bare even on Sundays. I guess next year this time most won't be around anymore. But we still have 313, Mandarin Gallery, Heeren Chrysalis opening up this year. Maybe Sinkies are tired of going out and just wanna stay home with their PS3s. Or the retail business doesn't know what people want. Every mall is a rehash of each other. These new malls all look badly designed as well. NUM and Shokudo look like successful brands but they might be killing themselves with excessive expansion.

Greed kills together with poor planning . And to save themselves they always cry wolf and open a sector of insecurity and terrorism threat .

 

[Watchman]

I reserve my sympathy for the ah kongs and ah pors selling veggies at wet markets that PAP crony Sheng Siong is taking over with HDB permission.

sympathy for the ah kongs and ah pors selling veggies and those vegetables growers and farmers .

Punishment befalls those who are greedy .

 

[cleareyes]

It's been obvious that most shops in Orchard Rd are underwater. Many of the new shops in Ion, Central, Iluma, The Cathay look so bare even on Sundays. I guess next year this time most won't be around anymore. But we still have 313, Mandarin Gallery, Heeren Chrysalis opening up this year. Maybe Sinkies are tired of going out and just wanna stay home with their PS3s. Or the retail business doesn't know what people want. Every mall is a rehash of each other. These new malls all look badly designed as well. NUM and Shokudo look like successful brands but they might be killing themselves with excessive expansion.

What will befall them when Dow falls below 4,000 in the coming depression?

URL : http://www.channelnewsasia.com/stories/singaporelocalnews/view/1009053/1/.html

SINGAPORE: Orchard Central, one of Singapore's newest malls along Orchard Road, is having some issues with its tenants. Just four months after its opening, some tenants are complaining about slow traffic at the mall.

Besides having Singapore's first indoor rock-climbing wall, the 12-storey mall has billed itself as a one-stop shopping destination for the modern individual, with its range of retail and F&B outlets.

However, shoppers are reportedly not thronging the mall as yet.

Poh Yu Seung, base camp manager, Border X, said: "During weekends, the mall is okay, but unfortunately on weekdays, I think Singaporeans are too busy working so the mall is kind of quiet. But the fact is, if you look at Orchard Road on the weekdays, it is terribly quiet."

Garage Shop House, which imports foreign brands, said its sales have fallen since it opened two months ago. It is one of 20 tenants – out of a total of 170 – that have asked for rental rebates, ranging from 50 to 70 per cent.

Lim Li Yuen, managing director of Garage Shop House, said: "We came into this mall in a different economic situation. At that time, maybe we were prepared to pay higher rates... But the market reality is that business has dropped by quite a lot."

Orchard Central's management, Far East Organisation, is already taking steps to offer tenants a helping hand. It has been meeting up with tenants and it has committed up to S$5 million in advertising and promotion efforts to drive traffic to the mall.

This is the exam and tourist low period. Slow consumer traffic is to be expected.

All the paranoia is unwanted.

 

[kakowi]

But the fact is, if you look at Orchard Road on the weekdays, it is terribly quiet."

That is also my impression when i was in Orchard Road twice last week in the late hours of the night

the place is really very very quiet

there used to be many people thronging the place iirespective of the season, now it is deserted

 

[Watchman]

[COLOR="_______"]Boycott all businesses in CBD, let the rich continue to subsidise their exploits !

For letting in FTs to make our lives hell. [/COLOR]

 

[chinkangkor]

If a second wave of retrenchments were to start in the retail sector, there would be a chain of serious negative chain reactions in the economy.

I worry for S'pore .....

 

[Watchman]

If a second wave of retrenchments were to start in the retail sector, there would be a chain of serious negative chain reactions in the economy.

I worry for S'pore .....

It will come no matter what we think or not do !

 

[chinkangkor]

It will come no matter what we think or not do !

It would be deaths by thousand cuts for many people.

 

[Watchman]

Dr Shamdasani added that if tenants and the mall management get the formula right, excitement and buzz over a new mall can be generated on the onset.

Dr Shamdasani the wave will come once we see names that we are neither please nor familiar with.

The failure of your business model !