Singapore integrated resort Marina Bay Sands has experienced a strong recovery in its retail sector, with the company announcing last week that its retail mall had registered 99% occupancy though the first three months of 2021.
According to an announcement outlining plans to open more new stores in the coming months, MBS – owned and operated by Las Vegas Sands – revealed that it has welcomed more than 20 new and flagship stories since re-opening in June 2020 following Singapore’s three-month COVID-19 “circuit breaker” lockdown.
Those new stores have included the world’s first Apple store to sit on water, plus luxury fashion stores such as Chinese fine jewelry label Qeelin, American luxury menswear Thom Browne, Italian contemporary men’s label Stone Island, and Swiss timepiece manufacturer Bovet Fleurier.
“The Shoppes at Marina Bay Sands continues to register steady business momentum in the current climate as it looks to expand its existing stable of award-winning dining options and concept boutiques,” the company said.
“The retail mall registered an occupancy of 99% in the first quarter of 2021, with encouraging signs of recovery led by luxury retail.”
The Shoppes at Marina Bay Sands will welcome more additions in the coming months such as Singapore-based Parisian bespoke perfume house Maison21G Paris, luxury Korean skincare brand The History of Whoo, Italian linen and lifestyle brand Frette, and London-inspired high-end home and living brand Silky Miracle, alongside more F&B outlets.
“We are encouraged by the confidence that our retail partners have in The Shoppes, at a time where agility and adaptability in the retail landscape is key,” said Hazel Chan, Vice President of Retail, Marina Bay Sands. “As a leading shopping destination in Asia, we have the creativity and the right retail mix to continue to attract a loyal clientele as we prepare to welcome international visitors when travel resumes.”
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