The news was a surprise to many retailers at Funan DigitaLife Mall. The mall will be closing for redevelopment in 3Q2016 for 3 years.
Funan DigitaLife Mall is home to Challenger’s flagship megastore including many IT retailers. Challenger will be shuttering its operations at its 53,000 sqft flagship store. Challenger mentioned that it will be employing a more ambitious e-commerce strategy to make up for the closure of the megastore.
I have previously divested all my stake in Challenger Technologies. Personally, I feel that unless prices are competitive, Challenger’s e-commerce platform will face tough competition. You can read more at my previous review (My Personal Analysis of Challenger Technologies).
Well, at least for me, I still enjoy shopping in a physical shop for technology gadgets as compared to shopping online…