Hao Mart shuts stores amid mounting losses and lawsuits

Hao Mart shuts stores amid mounting losses and lawsuits

Explore the deepening financial troubles of Hao Mart, including store closures, worsening losses, and four High Court lawsuits. Read more at straitstimes.com.

From 50+ stores to 7: Hao Mart shutters stores as it bleeds millions & faces lawsuits

More than half of the outlets listed on its website are reportedly closed Homegrown supermarket and minimart chain Hao Mart has closed a large share of its outlets as losses deepen, The Straits Times reported. As of publication, Hao Mart’s website lists 20 outlets across Singapore. However, a check by The Straits Times found that only seven remain in operation after visiting all listed locations over a two-week period in the second half of Mar. …

Hao Mart shuts stores, sinks deeper into losses with four High Court lawsuits looming

SINGAPORE — Supermarket and minimart chain Hao Mart has shrunk its network of outlets as it sinks further into the red, according to checks by The Straits Times.Hao Mart’s website on April 22 lists 20 outlets in Singapore, but only seven were operating when ST visited all the listed locations over a two-week period in the second half of March.The...