DFS to leave Changi Airport

[Dafansu]

only withdraw liquor and tobacco right, think they selling other stuff also, so will still exist? 

[Mustank]

Seekali onlinecitizen website chut trick: they republish st in full for free

[Lotr]

Retail business is not doing well at all. Metro at centrepoint also closing

[Maxus-MIFA9]

1 minute ago, Lotr said:

Retail business is not doing well at all. Metro at centrepoint also closing

Most ppl goes on line to shop nowadays ....

[Atrecord]

1 hour ago, Hamburger said:

I not a fan of beer or liquor.

Once I bough beers and realized it's not any cheaper than supermarket .

No point then unless it's hard liqour I guess

Really arrh? not cheaper arrh? I better tell my father... he keeps thinking buy that 6 cans is very worthwhile... 😅

[Jman888]

2 minutes ago, Atrecord said:

Really arrh? not cheaper arrh? I better tell my father... he keeps thinking buy that 6 cans is very worthwhile... 😅

 

just let him buy lah, buy DFS beer so that people know you come back from overseas  😂

[Jman888]

this ST article no need subscription, already got few bidders for DFS space. 

 

https://www.straitstimes.com/singapore/transport/dfs-pulls-out-of-changi-airports-liquor-tobacco-business-all-stores-to-shut-in

[kobayashiGT]

Let's brace for recession. 😢

[Karoon]

DFS is when I forgot to buy present for fembly when travelling and after landing go look for perfume or rare m&ms. 

😁

 

[Atrecord]

3 hours ago, Jman888 said:

this ST article no need subscription, already got few bidders for DFS space. 

 

https://www.straitstimes.com/singapore/transport/dfs-pulls-out-of-changi-airports-liquor-tobacco-business-all-stores-to-shut-in

DFS chairman when interviewed - after they failed to submit a bid before tender closed - said it's not financially viable, looking at it from their own unique position of 'been inside'...

 

The other three bidders (who are looking in from the outside) now dunno whether got regret or not 😓

[Kusje]

5 hours ago, Hamburger said:

I not a fan of beer or liquor.

Once I bough beers and realized it's not any cheaper than supermarket .

No point then unless it's hard liqour I guess

Alcohol duty is $76/litre.

Assuming your beer is 5% alcohol, you will save the following on taxes:

6 cans*0.33 L/can*5% alcohol content*76$/L = $7.52  per 6 cans.

750c is quite substantial so maybe DFS try to rip you off 😂

[Kusje]

2 minutes ago, Atrecord said:

DFS chairman when interviewed - after they failed to submit a bid before tender closed - said it's not financially viable, looking at it from their own unique position of 'been inside'...

 

The other three bidders (who are looking in from the outside) now dunno whether got regret or not 😓

Curious. Finally not viable based on what rental? 

[Atrecord]

9 minutes ago, Kusje said:

Curious. Finally not viable based on what rental? 

He cited govt regulation change...

 

[Enye]

bad management lah....maybe they should ask saw phaik hwa come back and lead DFS Singapore

🤣

 

[Kusje]

12 minutes ago, Enye said:

bad management lah....maybe they should ask saw phaik hwa come back and lead DFS Singapore

🤣

 

She was a good ceo for smrt in terms of retail.

[inlinesix]

Quote

Industry players said Singapore has been tightening rules on liquor and tobacco consumption, affecting retailers like DFS.

Since April 1, the alcohol duty-free concession has been cut from three litres to two litres. 

In July, the Ministry of Health announced that tobacco products sold in Singapore must have standardised packaging and enlarged graphic health warnings from July 1, 2020.

The changes will apply to all tobacco products, including cigarettes, cigarillos, cigars, beedies, ang hoon and other roll-your-own tobacco products, the ministry said.

Govt change regulation lo

[Aventador]

Sales revenue drop approximately 30% due to new law

and I am sure CAG trying to increase their rentals for the new lease

I am sure they have the figures to make their decisions

All the REITs and Government bodies always factor in X% increase in charges every year. To show they are "growing" the business

what happens when the music stops?

[Jamesc]

People don't drink less in a recession they drink more.