Chart of the Day: Online grocery sales hit over $600m in February

It is tipped to steadily rise as most Singaporeans are encouraged to stay home.

This chart from DBS Group Research showed that online grocery sales have hit $600-$637m as of February 2020. This is based on data from the Department of Statistics (SingStat), which revealed that online grocery sales account for 8.5% of the $7.5b in total supermarket sales.

Online orders are expected to steadily rise over the period as most workers and students are encouraged to stay home.

Overall, retail sales fell 8.6% YoY and 8.9% MoM to $3.1b in February, mainly attributed to larger declines in retail industries selling discretionary items, due to the drop in tourist arrivals and lower domestic consumption.

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