Isetan Tampines to Close in November 2025

Isetan Singapore has announced the closure of its Tampines Mall outlet in November 2025. The decision comes as the lease for the store is set to expire. Since its opening in 1996, the Isetan store has been a significant presence in Tampines Mall, serving as an anchor tenant.

A company spokesperson explained that the closure was made after careful consideration of local conditions and future profitability, aligning with the company’s broader business objectives. In anticipation of the closure, Isetan plans to hold a clearance sale, with further details to be announced.

The announcement has elicited a sense of nostalgia among shoppers who have frequented the store over the years. One shopper, a financial consultant who preferred to remain anonymous, expressed that the closure marks the end of an era. “I do feel nostalgic knowing now that Isetan is closing down – it was and maybe still is an iconic part of Tampines Mall,” he said. Despite not shopping there frequently in recent years, he reminisced about the store’s offerings, such as scented candles, and noted a shift towards online shopping.

With the closure of the Tampines outlet, Isetan will be left with only two other locations in Singapore: Isetan Scotts and Serangoon Central. This move reflects a strategic adjustment by Isetan Mitsukoshi Holdings Ltd., a company formed through the merger of Mitsukoshi and Isetan, which operates nationwide department stores across Japan, offering a wide range of products from clothing to household goods.

Financially, Isetan Mitsukoshi Holdings Ltd. is listed on the Tokyo Stock Exchange, with a market capitalization of 706.34 billion JPY. As of May 1, 2025, the company’s close price was 1,849.5 JPY, with a 52-week high of 3,674 JPY and a low of 1,602 JPY. The price-to-earnings ratio stands at 9.81, indicating the company’s valuation relative to its earnings.