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Robinsons is Shutting After 162 Years: Is Retail Truly Dead?
By The Smart Investor  •  November 4, 2020
Last week, Robinsons, one of Singapore’s oldest department stores, announced that it will be shuttering its last two stores at Raffles City and The Heeren. This shocking announcement brings down the curtains on one of the most iconic brand names in the local retail scene. Many long-time customers were left shell-shocked by this news, and many flocked to shop at Robinsons for one last time, resulting in snaking queues over the weekend. I, too, recall shopping at John Little at Specialist Centre (now transformed into 313 Somerset) when I was a young boy. John Little was a department store that was acquired by Robinsons in 1955. It shut its last outlet at Plaza Singapura back in 2016. Much has changed since then, with rapid technological advancements such as the internet and smartphones making e-commerce a new force to reckon with. New upstarts such as Shopback, Qoo10 and Lazada offer a dazzling array of goods that you can purchase in the comfort of your own home....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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