Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Singapore retail industry.

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DFS Group starts winding down Changi Airport liquor business

DFS Group will close all of its stores at Changi Airport on June 8 as its 35-year tenure as wine and spirits concessionaire comes to an end.

Steelcase launches its first online store in Hong Kong and Singapore

Office furniture company Steelcase has launched online stores in Hong Kong and Singapore, offering office furniture to help people adapt their homes for work.

AmorePacific buys into Australian luxury skincare brand

South Korean beauty firm AmorePacific has acquired a substantial minority stake in Australian luxury skincare brand Rationale.

Singapore homewares retailer Iuiga eyes Indonesian expansion

Singaporean homewares retailer Iuiga has received SG$10 million (US$7 million) in Series A funding from Indonesian conglomerate Konimex.

TM Lewin

Iconic menswear retailer TM Lewin sold to PE investor

Iconic British menswear retailer TM Lewin has been sold by Bain Capital to private-equity company SCP through its new subsidiary Torque Brands.

Changi Airport further consolidates terminals; more stores shuttered

Following the suspension of operations in Terminal 2, Changi Airport is to further consolidate operations and indefinitely close more retail stores.

Singapore coffee chain Kimly boosts profit, despite Covid-19

Singaporean traditional coffee shop operator Kimly has recorded a 5.3-per-cent year-on-year boost in half-year profit attributable to shareholders to SG$10.5 million (US$7.4 million).

Ikea small-store concept at Jem Singapore

Ikea Singapore to open new concept store at Jem mall

Ikea Singapore is to open Southeast Asia’s first ‘small-store’ concept at Jem mall in the city’s west, replacing the Robinson department store.

Marks & Spencer Food teams with Foodpanda in three markets

Marks & Spencer Food is now available through the Foodpanda food-delivery app in three Asian markets: Hong Kong, Singapore and Malaysia.

Sa Sa International tips record loss of up to HK$600 million

Beauty-products retailer Sa Sa International says it expects to post a record loss as high as HK$600 million (US$77.4 million) for the March year due to the collapse of Hong Kong’s tourism market in the wake of the Covid-19 crisis.

Robinsons Jem mall store in Singapore to close by August

Singapore department store Robinsons is to close its store in Jem mall after what it terms an “amicable exit” after negotiations with landlord, Lendlease.

Singapore retail sales Chinatown

March retail sales in Singapore slide nearly 10 per cent

March retail sales in Singapore fell 9.7 per cent year on year in March 2019, as tourist numbers fell and locals spent less on discretionary items.