A.C. Moore’s parent company, Nicole Crafts, announced the closings in … Christopher & Banks While Singapore’s retail sales have gone down, online shopping has increased. Fans were upset, and flocked to the outlets for the closing-down sales. A favourite haunt of Bruce Lee’s family, this historic hotel will be closing and has been put up for sale. The craft-store chain A.C. Moore is shutting down all 145 of its stores in 2020. As early as 2014, a survey by Visa ranked Singaporeans as the top online shoppers in South East Asia , while an industry report by Google and Temasek Holdings forecasts the Singapore’s e-commerce industry … It was reported in Lianhe Zaobao that as many as 529 eateries in Singapore have closed down from February to April 2020, citing data provided by the Singapore Department of Statistics. Home-grown hardware chain Home-Fix closes its last store this week - an inglorious end to a high-profile business that once had 20 outlets here.. The Hong Kong-listed fashion house says it will close 56 shops in Singapore, Malaysia, Taiwan, Hong Kong and Macau by June 30, and is ‘winding down’ in China. "We would expect to have a meaningful number of additional store closures beyond the 250 that we're pursuing this year, meaning there will be more in … Wirecard filed for insolvency on 25 Jun 2020 after declaring US$2.1 billion worth of cash missing from its accounts. Here, FN compiles a list of the companies that are closing their doors this year. Struggling home goods retailer Bed Bath & Beyond will close up to 60 stores in 2020. UK retail collapse of Debenhams, Arcadia threaten 25,000 jobs in 24 hours Dec 2, 2020, 7:25 am Robinsons closing but sister brand Marks & Spencer opens pop-up store at Waterway Point #61 – Shamrock (14 Jun 2020) Shamrock Hotel’s Facebook Photo. In the same article, the President of Restaurant Association of Singapore revealed that business revenue for many F&B outlets dropped by about 50% to 80%. #62 – Wirecard (25 Jun 2020) By Leo Molatore. In the retail trade, 362 ceased operations in April, as compared to the 351 to 539 recorded in the first quarter. In Jan 2019, bath-beauty brand Crabtree & Evelyn shocked Singapore by closing all 12 of their local stores.The British company filed for bankruptcy protection in Canada in Dec 2018, and had planned to move their business online, save for one retail concept store in London. According to a recent report from Coresight Research, retailers could collectively announce as many as 10,000 store closures in 2021 — a 14% increase from 2020’s already devastating levels.