Gabey Goh
Mar 30, 2016

Metro Singapore seeks new creative agency

SINGAPORE - After years with Grey, Metro Private Limited, the retail branch of Metro Holdings Limited, is on the hunt for a new creative agency, as it seeks to give the department store brand a “fresh new approach.”

Metro Singapore seeks new creative agency

The retail brand's current creative agency of record is Grey Group Singapore, which it has worked with since 2011. When contacted, Grey declined to comment on the matter.

The company told Campaign Asia-Pacific that it is in search of "a creative partner who understands retail business in today’s competitive climate." The brand reported that it spends approximately SG$4 million (US$2.9 million) annually on marketing, which is inclusive of media, creative and digital.

Metro opened its first Singapore-based outlet in 1957 and today has a chain of three department stores, five Monsoon Accessorize stores and one M2 specialty store.

Parent company Metro Holdings posted a net profit of S$55.9 million (US$40.8 million) for the three months ended 31 December, the third quarter of its 2016 financial year.

The company reported that notwithstanding a subdued retail environment, the retail division’s sales increased marginally by S$0.2 million (US$146,054) to S$39.1 million (US$28.5 million). 

Metro previously worked with Batey from 2006 to 2010. 

 

Source:
Campaign Asia

Related Articles

Just Published

6 hours ago

Time to Nike-ify DEI

Why we need to rescue the concept of 'merit' from being solely a Trump card.

14 hours ago

Starbucks APAC VP Samuel Fung steps down

The former VP of Product and Marketing is a two-time Campaign Power List honoree. He exits the role after nearly 12 years with the company.

16 hours ago

Can ads make us feel something, even if they can’t ...

The best ads are not just about sales; they resonate deeply with consumers, says the co-founder and creative director of Itch.

16 hours ago

Santander on its shift to one global agency, why it ...

Bank has been rethinking its $1 billion-a-year spend on advertising and communications to drive consistency and effectiveness in age of AI.