Isetan Singapore will not renew the lease for its "loss-making" store at Westgate mall, the company announced in an SGX filing on Monday (May 6) before the market opened. The Japanese department store operator said its lease with JG Trustee (JGT) will expire on Dec 22 this year, after both parties were unable to reach an agreement on the lease renewal terms. "The rationale for the company’s...
Isetan
Isetan Singapore will not renew the lease for its "loss-making" store at Westgate mall, the company announced in an SGX filing on Monday (May 6) before the market opened. The Japanese department store operator said its lease with JG Trustee (JGT) will expire on Dec 22 this year, after both parties were unable to reach an agreement on the lease renewal terms. "The rationale for the company’s...
With new shopping malls coming up along Orchard and new retailers entering the scene, change is afoot at Singapore's prime shopping belt. Just recently, book retailer Kinokuniya moved to small premises within Ngee Ann City, allowing the landlord to carve out the space once occupied by the bookshop into smaller units - for various tenants. At Wisma Atria next door, Japanese retailer Isetan is also...
Mainboard-listed retailer Isetan (Singapore) will open its sixth Isetan department store here by end-2010 in the upcoming Serangoon mall called nex. To cost a reported $1.3 billion, the store is said to be Isetan's first in 15 years in Singapore. It will occupy a total retail area of about 53,000 square feet over three floors, Isetan said yesterday. Source : Today – 24 Jul...