From emerging startups to billion-dollar unicorns, we bring you stories of remarkable KUALA LUMPUR (Oct 30): Robinsons, the retailer that has been in business for more than 160 years, is shutting all remaining stores in Malaysia and Singapore for good as it falls victim to the Covid-19 pandemic which has sharply reduced consumer demand. Robinsons in Kuala Lumpur, 1970 / Image Credit: Ashley Tang on Pinterest Phillip Robinson passed away in 1881 and his son, Stamford Raffles Robinson, took over the business in 1886. Rowing Blazers to Close New York Store. Fans of … readers found this article insightful, Copyright © 1995- Robinsons & Co. Pte Ltd is a retail company in the UAE, operating the region's largest department store at the Dubai Festival City.The company owned Robinsons department stores in Singapore and Malaysia and it was one of Singapore's most renowned department stores before its closure in 2021.. Robinsons & Co. Limited is currently part of the UAE-based Al-Futtaim Group The Business Times reported today (October 30) that the retail giant will make its exit from Singapore for good, following losses in the recent years. Stay updated with our weekly curated news and updates. In 2016, the Al-Futtaim group, which owns Robinsons and other franchises such as John Little and Bebe, announced that it would be closing 10 or … Follow us on Facebook. I didn't expect them to shut down," she said. , }) Citing a study on retail trend, Robinsons said that large name players globally have exited the industry and over half of mall-based department stores to close in the next five years. SINGAPORE: Robinsons announced on Friday (Oct 30) that it will close its last two department stores in Singapore, after more than 160 years in the country. The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. Today (30 October 2020), Robinsons made an announcement that they would be closing down their two remaining outlets in Singapore, which are located at The Heeren and Raffles City. No. GNC, which has been selling nutrition and diet products since 1935, is slimming down in a big way. It has been reported that the liquidation process has already begun for its stores located in The Gardens Mall and at … Robinsons' remaining two outlets at The Heeren and Raffles City Shopping Centre will be closed to facilitate the liquidation process, though the exact closure date has not been specified. The retailer said that its employees were informed on Friday by management and the provisional liquidators of the liquidation. Top brands with express delivery available. AS Robinsons winds up in Singapore, its flagship store at The Heeren will close on Dec 16.  {{item['V1 Body']}} As Robinsons Sets To Close Down, We Take A Trip Down Memory Lane. The Business Times reported today (October 30) that the retail giant will make its exit from Singapore for good, following losses in the recent years. Despite recent challenges in the industry, the Robinsons team continued to pursue the success of the brand,” said Robinsons’ senior general manager Danny Lim. Malaysia, 60% How Does AirAsia Food Stack Up Against GrabFood, Deliveroo And Foodpanda? Robinsons To Close Remaining Outlets. From now till 27 December 2020, 11:00 am – 8:00 pm daily. The Raffles City Shopping Centre outlet of its sister brand Marks & Spencer will close on Dec 31. Only at Robinson Bazaar @ The Starling (Event Hall 1, Level 5). SINGAPORE - After Robinsons announced on Friday morning (Oct 30) that it will close its last two stores here at The Heeren and Raffles City Shopping Centre, shoppers flocked … , Will close down stores. Star Media Group Berhad (10894D), {{item['V1 Header']}} October 30, 2020. Credit: ST File. Final Closing Down Sale. These plans however, have not come to fruition. “We regret this outcome today. Robinsons announced the closure of their remaining stores in Heeren and Raffles City on 30 Oct. Robinsons Exits Heeren & Raffles City, 2 Months After Jem Store Closure Queues were then spotted forming outside the outlets, even before closing hours at 7.10pm — as can be seen from this video taken by a Channel NewsAsia (CNA) reporter. Like what you read? The Dollars And Sense Of Running A Bubble Tea Business In S’pore: Is It Actually Lucrative? Its topline also shrunk, and it generated S$153.8 million in revenue in 2018, down from the S$257.3 million it made in 2014. Robinson Closing Down: Robinson is shutting and closing down its business in Singapore ROBINSONS Singapore, one of the oldest retailers in the Republic with more than 100 years in business, will close down for business following losses in recent years. Foodpanda: Save 50% off your order with this promo code valid from 1 … Robinsons said that its stores in Malaysia would also undergo a similar liquidation process concurrently. Singapore 162 Years 201431998C. Robinsons Ltd. Close to the end of 1864, a financial crisis saw the crash of firms and many stores closing down, but Robinsons managed to survive during this time. As Singapore’s oldest deparment store is set to close down, we take a look at the store throughout the years. After more than 160 years in Singapore, Robinsons is closing its last two department stores at The Heeren and Raffles City Shopping Centre. Robinsons closing last 2 stores in S'pore after 162 years Department store Robinsons will be closing its last two outlets in Singapore at The Heeren and Raffles City Shopping Mall. As the oldest retailer in Singapore with more than a century in business, Robinsons Singapore, will close down for good, following losses in recent years. On Oct. 30, Robinsons announced that it would be shutting down its stores due to challenges stemming from the Covid-19 pandemic. CLOSING DOWN SALES! Est. The retailer will close down for good after suffering from at least six years of losses amid declining revenues. Stores closing in 2020: Up to 1,200. Vulcan Post creates content to make smarter consumers and inspired entrepreneurs. Robinson Co (Malaya) Sdn Bhd is the latest retail company in Malaysia that will be shutting down its operations due to Covid-19 pressures.  {{item['V2 Header']}}, We would love to keep you posted on the latest promotion. - The Straits Times/Asian News Network, Tags / Keywords: Bakerzin Calls It Quits After 22 Years – Closes Down All S’pore Outlets. Robinsons Singapore, one of the oldest stores in Singapore, will close after 162 years, according to The Business Times on Oct 30.. The restaurants present and past at Robinsons Heeren Orchard Road. This will be done through liquidation, which involves selling off … Robinsons has called it quits here in Singapore and their last store in Raffles City shopping mall is set to close on 10 January.. Kindly fill the form below, Disclaimer: by clicking the Submit button, it is deemed that you consent to the rules and terms set forth in the, Shoppers visiting the Robinsons store at Raffles City on Friday (Oct 30, 2020). Is Retail Dying? KUALA LUMPUR, Oct 30 ― Robinson Co (Malaya) Sdn Bhd is set to close its two department stores in Malaysia and start the liquidation process following its inability to continue operations due to weak demand. In line with the shifting retail landscape and Covid-19 pandemic, Robinsons had ramped up its efforts to reach customers online. According to the BT report, the department store has been chalking up at least six years of losses amid declining revenues. Everything MUST go! At the end of August, Robinsons shuttered its Jem outlet, saying that it was “no longer a sustainable option” to operate multiple large-scale department stores in Singapore. Robinsons-May was a chain of department stores operating in Southern California, Arizona and Nevada, from 1993 until 2006.It was created when May Department Stores combined two of its chains, May Company California and J. W. Robinson's chains. According to Robinsons Singapore’s temporary website robinsons-sale.com, their Raffles City outlet will be having their final Closing Down Sale and everything storewide will be having discounts at reduced prices up to 70% off. List of Robinson sale events, promotions, price list and other happenings in Singapore. Robinsons Singapore, one of the oldest retailers in the Republic with more than a century in business, will close down for good following losses in recent years. What Will A Grab-Singtel And Sea Digital Bank Look Like When It Launches In S’pore From 2022? ... After 162 Years, Singapore’s Robinsons Department Stores to Shut Down The heritage retailer calls it quits on its last two locations. This means that Robinsons' last two stores will be closing and the company will be exiting from the Singapore physical retail scene after 162 years. - The Straits Times/ANN, Workers at the Robinsons store in Raffles City packing items from shelves into carton boxes on Friday (Oct 30, 3030). Robinson Co (Malaya) Sdn Bhd will be closing both its Malaysian outlets located in Kuala Lumpur. Financial records show that the company recorded up to S$54.4 million in losses in 2018. But its last two stores at The Heeren and Raffles City Shopping Centre may remain open for a while more for final sales. ROBINSONS Singapore, one of the oldest retailers in the Republic with more than a century in business, will close down for good following losses in recent years. Co. Regn. , It’s official and Robinsons will be closing its outlet at Jem in August 2020. Check out our range of equestrian supplies including horse rugs, riding boots and everything else for the horse and rider. Read more at The Business Times. Since 1858: Robinsons Is Closing Down In S'pore Following Heavy Losses For Past 6 Years. According to Robinsons, corporate advisory and restructuring firm KordaMentha’s Cameron Duncan and David Kim have been appointed as provisional liquidators. - The Straits Times/Asian News Network, Singapore non-oil domestic exports grow at slower 4.2% pace in February, Asian shares mixed after US stock fall ahead of Fed meeting, Google slashes app store fees, following similar Apple move, Asean News Headlines as at 7pm on Wednesday (March 17), Woman who invented beauty packages and cheated people of over $630k in Singapore jailed, Japan to lift virus state of emergency in Tokyo area, Philippines' active Covid-19 cases breach 60,000-mark with 4,387 new infections, Cambodia's Covid-19 cluster cases near 1,000, Thailand leading Asia’s shift to e-commerce with 58% rise, Cambodia dismayed over European Parliament's resolution on mass trials against perpetrators, US sanctions 24 China and Hong Kong officials ahead of talks, EU envoys agree on first China sanctions in three decades, diplomats say, Pope: 'I kneel on the streets of Myanmar and say stop the violence'. $('#spanCopyright').text(theDate.getFullYear()) The liquidators will also work with The Singapore Manual & Mercantile Workers’ Union (SMMWU), E2i and the NTUC Job Security Council to ensure that the employees are supported. Founded in 1858, Robinsons is one of the oldest department stores in Singapore. We Asked 3 S’pore Businesses Why They Prefer Selling At Pop-Up Spaces. Closing Down Robinsons’ employees have also been informed of the developments, and the company said that employees would be paid in line with the next payment cycle. Founded in 1858, Robinsons is one of the oldest department stores in Singapore. Last updated March 2021 Singapore Expo P1W3D Past Event. Its headquarters was at the former May Company California headquarters at its Laurel Plaza store in North Hollywood, Los Angeles. Vulcan Post / Copyright © 2021 GRVTY Media Pte. In addition to its existing online store, which underwent a revamp, it also launched its products on Lazada’s ‘LazMall’. Its last two stores at The Heeren and Raffles City Shopping Centre are likely to “remain open for a while more for final sales,” it added. , Ooi Boon Keong/TODAY Shoppers at the bedding section of Robinsons department store at The Heeren on Nov 1, 2020. Grab Will Charge You A S$1 Fee If You Top Up Your GrabPay With Visa Credit Card From June 1. “We have enjoyed success over the years, and it has been an honour for Robinsons to serve the Singapore market.”, Featured Image Credit: InDesign Live Singapore, Also Read They will take control of the company’s assets and assess options to realise value in order to maximise returns to creditors. All Rights Reserved. Go BIG on savings with the Robinsons EXPO Sale! This is as per reported by The Straits Times, that the discussions between the department store and the mall’s landlord lendlease had been ongoing since November 2019.But seems like the discussion is going south and Robinsons will be closing their Jem outlet by August. Robinsons Closing down in Singapore. SINGAPORE-based department-store chain Robinsons is looking to shut down one of its two stores in Kuala Lumpur ahead of its lease expiry, sources tell The Edge. , In Operation var theDate = new Date(); $(document).ready(function () { The retailer will close down for good after suffering from at least six years of losses amid declining revenues. Guess it’s now the end of the road. The department store was founded in Singapore 162 years ago in 1858. people and ideas, and keep you up-to-date on technology.