SINGAPORE - The closure of the two remaining Robinsons department stores here is a"strong signal" that companies will have to continue to transform to meet the changing needs of consumers, said Manpower Minister Josephine Teo on Friday .
"I must say, for me personally, I certainly feel a sense of loss because Robinsons has been part of our growing-up years; it's so much a part of Singapore's retail landscape," she said.Mrs Teo, however, noted that the younger generation may feel differently about this closure, as they are more likely to be familiar with e-commerce platforms like Lazada and Shopee.
"The landscape of consumers, the landscape of businesses are not going to stay static. If nothing else, Covid-19 has accelerated all of the transformation." Earlier this month, Mrs Teo visited the home-grown jewellery retailer's headquarters in Changi Business Park with Trade and Industry Minister Chan Chun Sing to find out more about the company's efforts to boost its business online.
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