Sembawang Music Centre Storewide CD/VCD/DVD Half Price 3 Days Only

MinMin · Nov 3rd, 09, 10:14 AM

Sembawang Music to close

Sembawang Music Centre is forced to close down as it succumbed to rising rents and poor business. -- ST PHOTO: SAMUEL HE

IT HAS been a mainstay in the music retail industry here for more than 20 years, but Sembawang Music Centre will soon sing its swansong.

The plug is being pulled after the CD shop chain succumbed to rising rents and poor business.

Said owner and founder Dave Boo, 56: 'We've liquidated the company and are filing for bankruptcy. Right now, all our energy is on clearing our stock and making as many sales as we can.'

He declined to say how much he owes creditors, adding only that it is very little.

Sembawang's three outlets at Raffles City, Thomson Plaza and Plaza Singapura are holding sales touting 75 per cent savings.

The outlet at Plaza Singapura will be the last to close, in a few weeks' time.

Sembawang Music to close

MinMin · Nov 3rd, 09, 10:15 AM

my favourite hang out place...

bozo · Nov 3rd, 09, 11:50 AM

rather unfortunate =( but then the music industry in sg was due to die anyway.

Hopefully gramophone manages to survive =S

MeteorFlare · Nov 4th, 09, 01:48 AM

used to go there a lot... the one @ East Point, but, that has closed already..

Bonn · Nov 4th, 09, 08:22 AM

I guess too many outlets which makes it hard to sustain. I do hope SMC will come back again.

LgO-sluglives · Nov 4th, 09, 11:58 AM

rents above 10k are difficult
means u must earn at least 340 bucks a day
plus two mcjob workers. at 6 bucks an hour working 11am-10pm tats 144 a day

plus juice plus watever tats at least $700 bucks

say u earn 50% off all the goods sold.
means u need at least $1,400k of product sales a day.

or sell around $128 worth of products in an hour.
or in this case around 10 cds an hour.
usually more coz the percentage is usually never 50%.

some malls are already owl *hoot* *hoot*. Its amazing how ppl survive.
So guys anybody here wanting to start a shop, the best advice about human traffic flow is never from the mall's reps. but the security guards. If u cannot make it, next best is to ask the cleaners. (toliet cleaners give u a berry good idea on human density - however rem to minus off cinemia goers if the mall has a cineplex)