Singapore property group Metro to shut City Square store at year end

SINGAPORE (Sept 15): Retailer and property group Metro Holdings will close its City Square Mall store when its lease expires at the end of the year, The Straits Times reported. The move comes amid a period when department stores are consolidating or downsizing in the face of tighter labour policies, staff shortages and the rise of e-commerce. “Metro’s lease [at the mall] will expire [at the end of] December and the move is part of our plans to consolidate resources in light of difficult trading conditions,” a Metro spokesman said.

This article first appeared in the digitaledge DAILY on Sept 15, 2015. Subscribe here.