SINGAPORE - Furniture and home accessories retailer iwannagohome is closing its two stores in Tanglin Mall and Great World City.

A company spokesman told The Straits Times that it was closing the stores at the end of May, but was unable to give an exact date.

The retailer also said that it started closing down sales at its outlets on Feb 19 in a Facebook post on the same day.

On why it was closing down its shops, the spokesman said "the company is bringing in new concepts". He did not provide more details.

The 18 staff at the retailer will not be retrenched. Instead, they "will be redeployed in other stores within the group", the spokesman added.

iwannagohome opened its stores here in 2007 and was started by lifestyle group Gill Capital, which also operates franchises for H&M and Candylicious in Singapore.

When iwannagohome was launched, it sold products ranging from furniture to lighting to accessories such as glassware, vases and artworks. At the time, a candle could cost $5 at its stores, while a painting or sculpture could fetch $5,000.

iwannagohome also had three stores in Malaysia and those closed 18 months ago. The company's spokesman explained that it was due to the retailer undergoing "restructuring".