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Giant, Cold Storage owner reshuffles supermarket deck in Singapore as competition rises
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Giant has shuttered 11 stores in 2024, the latest being its Paya Lebar Square supermarket on Nov 24.
PHOTO: ST FILE
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SINGAPORE – When supermarket chain Giant closed an outlet in Bishan in August, it set tongues wagging that the business was streamlining its operations amid rising costs and cut-throat competition.
Speculation grew after rival chain Sheng Siong immediately took over the vacated retail space in Block 512 Bishan, opening a new supermarket outlet within a month.
