Multi-label lifestyle and design retailer Naiise will close its store at PLQ this weekend following a lease expiry. The last day of operation for this outlet is July 26, a company spokesperson confirmed in an e-mailed response on Wed. Last week, BT reported that Naiise had prematurely withdrawn as the operator of Design Orchard’s retail showcase with the Textile and Fashion Federation set to take over the role on Aug 1. This comes after a series of cost-cutting measures, which included halving its headcount earlier this year. As at Jan, Naiise had six brick-and-mortar stores in Singapore and Malaysia. With the closure at PLQ, the retailer is left with one store at Jewel Changi Airport, as well as an office and retail shop in KL. The spokesperson told BT that the firm does not have intentions to close its remaining stores “at the moment”. She added that there are “no plans to open physical stores anytime soon”, as the company will be focusing on efforts to build its online store presence.... Continue Reading