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Metro to exit large-format department stores as it revamps Singapore retail strategy
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Metro Holdings will cease operating its large-format department stores at Metro Paragon and Metro Causeway Point when their existing lease arrangements end, as the Group moves to reposition its retail business in Singapore.
These could include smaller-format stores, multi-specialty concept stores, curated retail experiences, and pop-up initiatives, with the aim of improving customer engagement, operational efficiency, and its ability to pursue new retail opportunities.
The Group is discussing the rollout of new multi-concept stores with its existing landlords as well as other landlords.
The company said it will provide further updates when there are material developments in the implementation of its retail strategy.
Lead image / Metro Paragon