Blueray Hypersonic October 8, 2018 Share October 8, 2018 (edited) After 19 years in the business, homegrown IT retailer Newstead goes into liquidation SINGAPORE — Homegrown IT and electronics retailer Newstead Technologies is winding up its business after 19 years, and its troubles could leave Funan DigitalLife Mall without an anchor tenant when it reopens next year. The company, which operates under the Newstead, DigitalStyle and Nubox brands, has been put under liquidation, according to a notice put up on the Accounting and Corporate Regulatory Authority (Acra) website last week. https://www.todayonline.com/singapore/after-19-years-business-homegrown-it-retailer-newstead-goes-liquidation Edited October 8, 2018 by Blueray ↡ Advertisement 3 Link to post Share on other sites More sharing options...
Mockngbrd Supersonic October 8, 2018 Share October 8, 2018 Open wywy wonderspace 1 Link to post Share on other sites More sharing options...
Inlinefour Twincharged October 8, 2018 Share October 8, 2018 SG retail scene seems very bad shape Consumers are buying stuff online Soon all shopping Malls got to close down liao People are so lazy to go out Even makan also delivered Sibay jialuck 3 Link to post Share on other sites More sharing options...
Yewheng Twincharged October 8, 2018 Share October 8, 2018 (edited) SG retail scene seems very bad shape Consumers are buying stuff online Soon all shopping Malls got to close down liao People are so lazy to go out Even makan also delivered Sibay jialuck Eh is also coupled with I created by government regulation, economy is now not doing well and many other factors like increasing rental, rising electricity costs, rising labor cost, difficult to hire workers. So can not totally blame everything buy online. 1st thing 1st is further reduce regulatory requirements as much as possible so that retailers have easier time to comply and also to reduce business cost. Edited October 8, 2018 by Yewheng 1 Link to post Share on other sites More sharing options...
Turboguy 5th Gear October 8, 2018 Share October 8, 2018 It was considered our playground back in the mid late 80s. Funan centre was infested with rats, and u could literally spot rats walking around inside the ceiling at the food court ceiling lol. The smell of the building is always the same. If u remember the retail shop Rambo TV games, then high 5 to u! 3 Link to post Share on other sites More sharing options...
DACH Supersonic October 8, 2018 Share October 8, 2018 SG retail scene seems very bad shape Consumers are buying stuff online Soon all shopping Malls got to close down liao People are so lazy to go out Even makan also delivered Sibay jialuck Happening in many cities around the world. Link to post Share on other sites More sharing options...
Vratenza Supersonic October 9, 2018 Share October 9, 2018 You can see it coming..... I hope our non-mediocre multi-million dollar dream team can see it too....and not just focus on fixing opponents and insisting on minimum wage for themselves. SG retail scene seems very bad shapeConsumers are buying stuff onlineSoon all shopping Malls got to close down liaoPeople are so lazy to go outEven makan also deliveredSibay jialuck 5 Link to post Share on other sites More sharing options...
RadX Moderator October 9, 2018 Share October 9, 2018 opened a new thread for this with online sales running brisk, this was doomed to happen Link to post Share on other sites More sharing options...
t0y0ta Supercharged October 9, 2018 Share October 9, 2018 Newstead over-stretched.... open so many large shiny retail stores..... Hopefully Challenger is in better state. Link to post Share on other sites More sharing options...
Ash2017 Twincharged October 9, 2018 Share October 9, 2018 You can see it coming..... I hope our non-mediocre multi-million dollar dream team can see it too....and not just focus on fixing opponents and insisting on minimum wage for themselves. you seem so fired up why don't you join an alternative party and all MCF bros including sis come and vote for you otherwise your talent is wasted here 4 1 Link to post Share on other sites More sharing options...
Blueray Hypersonic October 9, 2018 Author Share October 9, 2018 Previous anchor tenant at Funan was Challenger, did not know that Newstead was slated to be the new anchor tenant in the redeveloped mall. For small IT items (eg thumbdrive, HDD, monitors), most of us already buy online. Bigger items like laptops etc, I personally find better deals at Courts, Best Denki etc when they run promos. Link to post Share on other sites More sharing options...
UncleAtas Turbocharged October 9, 2018 Share October 9, 2018 Open wywy wonderspace Haha! The olden days claw machine is super easy.. I use to hog the machines at pasir ris chalet last time.. Who else remembers the yellow plush?? Link to post Share on other sites More sharing options...
Theoldjaffa Hypersonic October 9, 2018 Share October 9, 2018 Consumer IT is commoditized and margins are very low Gone are the days where my DIY 486 DX2-66 cost me $3.5k with a 14" CRT 5 Link to post Share on other sites More sharing options...
13177 Supersonic October 9, 2018 Share October 9, 2018 Closed down ah? Got any clearing sales for their laptop etc? Link to post Share on other sites More sharing options...
SuPerBoRed Twincharged October 9, 2018 Share October 9, 2018 Closed down ah? Got any clearing sales for their laptop etc? creditors take all liao la... 1 Link to post Share on other sites More sharing options...
Mercury1 Turbocharged October 9, 2018 Share October 9, 2018 Newstead over-stretched.... open so many large shiny retail stores..... Hopefully Challenger is in better state. Indeed, still recall they had a huge shop in Suntec City and multiple shops at Marina Square and always no one. Reckon those are the ones that sunk em Challenger has a better strategy, they open on those neighbourhood Malls and sell their Valore house brand to boost profit (how good it is is anyone Guess). The casualness of challenger prob also attracts more people to go browsing there 1 Link to post Share on other sites More sharing options...
13177 Supersonic October 9, 2018 Share October 9, 2018 Indeed, still recall they had a huge shop in Suntec City and multiple shops at Marina Square and always no one. Reckon those are the ones that sunk em Challenger has a better strategy, they open on those neighbourhood Malls and sell their Valore house brand to boost profit (how good it is is anyone Guess). The casualness of challenger prob also attracts more people to go browsing there I used to buy laptop from them, and just recently my friend bought a laptop from them during the recent comex show. 1 Link to post Share on other sites More sharing options...
Kopites Supersonic October 9, 2018 Share October 9, 2018 from child booster seat, luggage, mobile phone...all brought online. My wife just placed order for 3 bottles of moping detergent online. what we cant buy online that still need yo make a trip down to the shop? ↡ Advertisement Link to post Share on other sites More sharing options...
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