Metro Holdings

[winston]

Yes, I dont believe in wasting things when they are in good order.

I guess balance is probably the right thing to do.

[kennynah]

as a school boy, i recall metro to be an uptown shop.... to be able to buy something and having it wrapped with metro's house wrapper was something to parade around proudly...

now...metro is like a OG to me... their clothes, shoes, accessories departments, all cmi....maybe this explains why they have been shutting down many of their shops in the last 3 decades

Maybe it is becuz that your earning and purchasing power has gone up considerably since your school boy days..

When I was very young ( maybe 7 ? ), I recalled going to Robinson with my parents and mum mentioned that the things there are very expensive and we cant afford those things.

Over the years, our purchasing power has gone up and we would not need to think twice about buying things from Robinson..

W : u r right....all of our purchasing power has gone up...we have become somewhat affluent...

i was referring to metro as having lost her ability to keep up with the fashion times... their shops have largely remained the same concept since almost 30 years ago... the way their merchandise are being displayed...really looks no different from a geylang serai stall except it is in an aircoditioned room..

yes, that many years ago, it was attractive to be shopping in metro, for the aircon, to mingle with the people who only had metro and tangs to go to...now, we have almost unlimited choices...so much so, some people only shop in boutique shops...

metro, imo, has not been able to follow the fashion needs of most retailers... even at my age, i no longer shop at metro...do you think the teens and early 20s of today will do so?

i was trying to point out that, imo, i would not bet on a counter like metro, based solely on my personal observation on how well or not, they have been doing in the past and will do in the future...bleak !!!

[blid2def]

Actually hor K - Metro Holdings' core business is property... it accounts for 78.6% of its 2008 turnover. Retail only 21.4%.

edit: Wah blast from the past - just saw that Winston Choo is on its BoD. Now that's a really old name.

[kennynah]

lucky for them then....if have to depend on retail....eat grass loh....

[blid2def]

lucky for them then....if have to depend on retail....eat grass loh....

Well, dunno man... Scarly the retail side, they own stakes in G2000, U2, etc? Okay lah, anyhow pom, I got no idea also what their retail side is. Lazy to read AR.

[helios]

few months back, i read in an ST Life profile [article] that St. James listing got the support of Metro boss Jopie Ong's previate investment vehicle EK Capital ... coz Mr. Foo's wife worked in Metro as a saleslady retail position ...

[kennynah]

oh really, that dennis foo's wife needs to work and as a shopfront salesperson? i am surprised.

[blid2def]

Sidetrack, but interesting... (since you're talking about DF)

http://nofearsingapore.blogspot.com/200 ... -book.html

[helios]

oh really, that dennis foo's wife needs to work and as a shopfront salesperson? i am surprised.

many many moons ago lar ...

[kennynah]

oh really, that dennis foo's wife needs to work and as a shopfront salesperson? i am surprised.

many many moons ago lar ...

see..i told you that back in the old days....shopping in metro was reserved for the affluent ...and perhaps dennis "kow swa" his wife at metro...