Tangs and Takashimaya succeed in Singapore's department store market by owning their retail spaces

Tangs and Takashimaya are thriving department stores in Singapore, unlike competitors, due to owning their retail spaces. This ownership provides structural advantages, allowing greater control over space utilization and rental economics, which is crucial for profitability in the challenging retail environment. Other department stores like Isetan and BHG are struggling, with some closing outlets, as they operate as tenants and face intense competition from online and other retail formats.