The_King Posted December 19, 2019 Share Posted December 19, 2019 Jack Wills is next-in-line to pull out of the physical retail scene in Singapore. This news comes just a week after Hong Kong beauty retailer Sasa & local DIY giant Home-Fix announced plans to exit. The ailing UK retailer had faced financial troubles earlier this year, deciding to strike Hong Kong off their overseas franchise list in August. Singapore will be their second major closure in Asia. Here’s how they arrived at the difficult decision to leave, and how you can pay them a final visit at their clearance sale in Yishun before they bid Singapore goodbye. 5 Hong Kong outlets closed in Aug 2019 The British clothes & accessories retailer faced pressure to turnaround their business, after Sports Direct bought them for S$22.2 million (£12.75 million), earlier in August this year. Source Hong Kong’s 5 stores were also closed, after the deal was sealed. However, at the point of sale, the fate of US and Singapore outlets were put on hold. Besides Asia, Jack Wills had 1,700 staff across 6 retail presences in Kuwait, Saudia Arabia and UAE. Their e-commerce channels continues to cater to a whopping 130 countries. It’s unclear whether their online presence will continue, in the wake of their physical store closures. Ailing retailer lost S$52.25 million in 2018 Experts explain that Jack Wills ran into brand devaluing issues by providing discounts too frequently. The brand’s iconic style, desirability & value were gradually eroded with the entry of more competitive players over the years. Source In 2018, Jack Willis reported losses of S$52.25 million (£29.3 million), later burning through a “£28 million cash injection” from investor BlueGem in 2019. For the beleaguered brand, closing its overseas franchises in Singapore & Hong Kong was probably the safest way to stem their losses. Up to 80% off clearance sale in Yishun warehouse There will be a final warehouse sale to clear all remaining products. It will be held at Yishun’s North Spring Bizhub #01-41, with up to 80% off all products from 21 to 29 Dec, 12pm to 9pm. Source Do check out their article in full here, for more details on Christmas opening times. 3 outlets are already listed as ‘permanently closed’ Although no official store closure date was announced to the media, 3 known outlets of the brand are listed as ‘permanently closed’ on Facebook and Google Maps. Here are the addresses of their last known outlets. Jack Wills – Raffles City Address: Raffles City Shopping Centre #01-19, 252 North Bridge Road, S’pore 179103 Website: Listed as ‘Permanently Closed’ on Facebook/Google Maps Nearest station: City Hall MRT Jack Wills – Jewel Changi Address: Jewel Changi, #01-249 & 250, 78 Airport Blvd, Singapore 819666 Website: Listed as ‘Permanently Closed’ on Facebook/Google Maps Nearest station: Changi MRT Jack Wills – Ngee Ann City Address: Ngee Ann City, 391 Orchard Rd, Singapore 238872 Website: Listed as ‘Permanently Closed’ on Facebook/Google Maps Nearest station: Orchard MRT See you online, Jack Wills fans Jack Wills is beloved for their trendy apparel, flower-motif phone cases & laptop accessories. Their physical presence in Singapore’s retail scene will be sorely missed by fans. We do hope that they’ll continue to sell their products online, and successfully reinvent their business model. If your friends are huge Jack Wills fans, do remember to jio them for one final pilgrimage before the year ends. https://mustsharenews.com/jack-wills-singapore Link to comment Share on other sites More sharing options...
aaur4man Posted December 19, 2019 Share Posted December 19, 2019 never heard before leh Link to comment Share on other sites More sharing options...
Coffee_O Posted December 20, 2019 Share Posted December 20, 2019 20 hours ago, The_King said: Jack Wills – Raffles City Address: Raffles City Shopping Centre #01-19, 252 North Bridge Road, S’pore 179103 Website: Listed as ‘Permanently Closed’ on Facebook/Google Maps Nearest station: City Hall MRT Jack Wills – Jewel Changi Address: Jewel Changi, #01-249 & 250, 78 Airport Blvd, Singapore 819666 Website: Listed as ‘Permanently Closed’ on Facebook/Google Maps Nearest station: Changi MRT Jack Wills – Ngee Ann City Address: Ngee Ann City, 391 Orchard Rd, Singapore 238872 Website: Listed as ‘Permanently Closed’ on Facebook/Google Maps Nearest station: Orchard MRT The problem is that he choose shitty location to open his stores. Raffles city - Burmese only pass by there to reach peninsula plaza Changi - Who the hell buy clothes there? might as well check in to shop tax free Ngee Ann City - Sorry weekday like ghost town. weekend infested with roaches. Link to comment Share on other sites More sharing options...
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