Big retailers are taking their flight to suburban malls
Uniqlo for instance now has 13 branches outside CBD.
Large mid-tier fashion labels are increasingly expanding their presence in suburban malls, centrally located malls begin to lose their attraction.
According to RHB, this has been a trend seen in brands like Uniqlo, who started with seven suburban locations but now has thirteen branches outside central business districts. H&M, on the other hand, only had three locations but now has six suburban mall branches.
"Since then, these brands have increased their suburban store count to 13 and six respectively. In fact, Uniqlo along with major brands like Victoria’s Secret and cafe Paris Baguette have closed their centrally-located stores at One Raffles Place," RHB said.
It added, "In the past, these large brands provided a certain novelty to mall owners as an anchor tenant to attract footfall and provide recurring rent. However, with these tenants moving into the suburban areas, centrally-located malls have lost that novelty."
Check out some of the biggest brands which are taking their chances in suburban malls: