Japanese department store chain Isetan has closed its Tampines Mall location in Singapore after 30 years of operation.

The department store announced earlier this week that the closure comes after the expiry of its lease agreement. The planned closure was first disclosed in May.

“We have decided to close the store after careful consideration of local conditions and future profitability, allowing us to better align with the business objectives,” a company spokesperson told The Straits Times.

Isetan had been an anchor tenant in Tampines Mall since the centre opened in 1996. Moving-out sales had been held to clear inventory over the past few months.

The Isetan stores at Shaw House on Orchard Road, and Nex in Serangoon, will continue to operate as usual.

Isetan offers home, fashion and beauty products. The department store chain began operating in Singapore in 1972.

At its peak, Isetan operated six outlets across the city-state, but the retailer has scaled back in recent years amid rising rents, the growth of e-commerce, and shifting consumer habits.