Japanese retailer Uniqlo will open its first South-east Asian global flagship store at Orchard Central on 2 September 2016. Several other brands, including US lingerie brand Victoria’s Secret, fashion house Michael Kors and Apple, are also adding their flagship stores to the belt.
The opening of flagship stores by international brands here is testament that the shopping belt has not totally lost its sheen, said the chief executive of Starhill Global Reit. Mr Ho Sing was one of the panellists at a roundtable discussing the challenges and outlook for Singapore’s real estate investment trusts (Reits).
He said amid the challenging retail landscape, tenant mix is key to maintaining an edge and the Reit has been working on introducing new-to-market brands at its malls.