Japan Home closing outlets; staff say Valu$ taking over operations
Retail chain Japan Home is closing several outlets in Singapore, with reports suggesting a potential takeover or management shift involving the discount retailer Valu$. Staff have observed Valu$ products appearing in Japan Home stores, signaling a possible consolidation of operations.
Why it matters
The potential closure and rebranding of a well-known retail chain reflect shifting trends in the local consumer goods market and retail consolidation.
Valu$ operator has stake in both businesses; BT has sent queries to players for comment
[SINGAPORE] Household retail chain Japan Home has been shuttering some of its stores in Singapore since June – though some may reopen as stores managed jointly with Value Dollar (Valu$), sources told The Business Times.
Its five outlets at Hougang Mall, Century Square, Northpoint City, HarbourFront Centre and Buangkok Square had closing-down sales announced on Japan Home’s Facebook page from June to July.
The business’ e-shop as at Wednesday (Aug 19) afternoon was “undergoing maintenance”, and another page on its website showed that its JFUN & Gold Membership Programme had been terminated with effect from Jul 21, with no new registrations and renewals accepted from that date.
Existing members were given until Aug 18 to redeem J FUN Points, J Cash Rebates and loyalty rewards earned. Unused points and rebates expired after that date.
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