Retail

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

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

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

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

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

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

This brings its total capital raised to over $319.36m

Four in 5 Singaporean millennials look for shopping ideas online.

However, most prefer to purchase products through the internet.

Some middle-aged Singaporeans are skeptical. 

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

Most shoppers expect the government to lead sustainability efforts.

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

In April, sales expanded by 12.1% YoY.

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

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