Retail

Tourism, revenge spending boost May retail sales

Sales of clothing and footwear posted strong growths.

Tourism, revenge spending boost May retail sales

Sales of clothing and footwear posted strong growths.

Chart of the day: S’pore is 3rd most likely to spend on shopping events

Singaporeans are top spenders on Single’s Day, second only to China.

Around 9 in 10 SG SMEs export to over 10 int’l markets

The average number of international destination markets in Singapore is 35.

Customer satisfaction with the retail sector worsens

The satisfaction level dropped by 1.5% YoY to 71.3 points in 2022.

Full-year retail sales growth to moderate in 2022

Analysts predict the full-year retail sales to grow around 9%-10%.

Retail sales jump 17.8% YoY in May

Excluding motor vehicles, total retail sales increased by 22.6% YoY.

Recurring mega sales have their own dangers

An expert from Intrepid warned against ‘shopper fatigue’ triggered by frequent large-scale shopping events.

ShopBack bags $111m in Series F funding round

This brings its total capital raised to over $319.36m

Chart of the day: Electronics is top millennial gift idea for the holiday

Four in 5 Singaporean millennials look for shopping ideas online.

1 in 2 Singaporeans say in-store shopping customer service is best

However, most prefer to purchase products through the internet.

Here are the top sustainable shopping practices observed by Singaporeans

Consumers are doing more than just paying a premium for sustainable goods.

Nearly 9 in 10 shoppers are willing to pay more for sustainable products

Most shoppers expect the government to lead sustainability efforts.

ADA buys SingPost unit in APAC expansion

The company currently operates in Malaysia, Singapore, and 8 other markets in the region. 

Chart of the day: Retail and F&B sectors recovers in Q1

F&B, however, weakened in February and March.

Chart of the day: 63% of Singaporeans prefer convenience stores to be unmanned

9 out of 10 Singaporeans want some retail stores to be unmanned.