high rent is killing isetan!!

xpo2015

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Channel NewsAsia Singapore News

Isetan lost S$3.1m last year as rents surged

Department store operator Isetan (Singapore) posted a net loss of S$3.1 million last year as rents surged while sales only increased marginally.
 
3.1m is peanuts.....why is isetan still in singapore?who shops at isetan nowadays?its as old fashioned as emporium.
 
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