Luxury Mall Scotts Square looks to be too high-end for many tenants

Empty shopfronts dot the gleaming levels of Scotts Square. Despite its prime location in the Orchard Road retail belt and a line-up of high-end brands, the luxury boutique mall has seen an exodus of retailers as crowds stay away.

At least six stores have left the Wheelock Properties-owned mall since October, after completing their leases.

There were 10 empty shopfronts when The Straits Times visited yesterday. According to the mall’s online directory, 28 shops remain open.

Luxury watch retailer Sincere Fine Watches vacated its street-front space on the first and second floor last week, after three years at the mall.

Other recent departures include restaurants Ginza Sushi Ichi and Arossa Wine & Grill, which shut their doors on Jan 31. Urban apparel retailer Bread & Butter left last November, and Malaysian cafe Delicious the month before.

And this month, at least three more shops – fashion brands Anne Fontaine, Kiton and Marina Rinaldi – will exit the mall.

Sandwiched between Grand Hyatt Hotel and Tangs department store, Scotts Square on Scotts Road reopened in 2012 following the demolition and rebuilding of the old Scotts Shopping Centre.The three-storey mall, which has a basement with a FairPrice Finest supermarket, has 75,000 sq ft of space that can be rented, and is topped by a 43-storey six-star residence.

Some say the mall is feeling the pinch because it has gone too upmarket in an area where neighbours such as Ion pull in crowds through a blend of high-end and mid-range offerings.

Some of Scotts’ stalwarts, such as fashion brand Michael Kors, restaurant Wild Honey and shoe retailer On Pedder, continue to thrive, drawing on regulars and the strength of their brand.Unconventional newcomers such as pop-up concept space K+ and art gallery Red Square are also garnering attention.

http://www.straitstimes.com/news/singapore/more-singapore-stories/story/luxury-mall-scotts-square-losing-rash-tenants-20150307#sthash.Kv25qYwj.dpuf

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s