"A strong Singapore dollar further contributed to increased outbound travel and overseas spending, dampening domestic retail demand," the company says.
Retailer FJ Benjamin Holdings' FY2025 net loss has widened to $16.6 million from $6.1 million in the preceding year ended June 2024.
Revenue in the same period was down 24% y-o-y to $60.46 million, due partly to the closure of non-profitable stores, as well as persistently weak consumer sentiment.
