Singapore's malls grapple with shifting consumer trends

On Singapore's Orchard Road, the signs of change are easy to see: Venerable department stores have closed up shop and a new commercial complex is struggling to gain traction with customers despite opening with much fanfare only a year ago.

One reason often put forward for the trouble facing the district is the weak yen. Tourists who once flocked to Singapore for the shopping are now choosing to spend their money in Japan.

That is only part of the story, however.

Poor planning

Even though June 6 was a Saturday, one of the major shopping malls on Orchard Road was nearly deserted. It's not the only one in trouble.

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