Unlucky 13: Check out these 13 international brands which failed to succeed in Singapore
Shape up or ship out, retailers warned.
Singapore has always been a magnet for international retailers looking to expand into Southeast Asia. However, the country's retail scene is also littered with stories of foreign brands which have failed to succeed in Singapore's ultra-competitive retail landscape.
“Faced with increased competition, expensive rental and a labour crunch, we saw some retail brands exiting Singapore over the last few years. Such challenging conditions require traditional store retailers to innovate and improve efficiencies,” RHB Research said
RHB Research provided a list of some international retailers which have exited Singapore in the past three years. The list includes household goods retailers, cosmetics providers, as well as restaurants and fashion chains.