Retail

IKEA revenue in Singapore grows 6.5% YoY to $392m in FY2022

Workspaces and Bedroom furniture were the top earning categories.

IKEA revenue in Singapore grows 6.5% YoY to $392m in FY2022

Workspaces and Bedroom furniture were the top earning categories.

How getting personal can help brands win customers

Two-thirds of consumers think negatively of brands that use stereotypes to engage them.

SPH REIT’s NPI rises 3.5% YoY to $209.7m in 12M FY22

Given the increase, the REIT declared a 2.2% YoY higher distribution per unit of $0.052.

Upcoming major events to drive up retail sales: UOB 

The analyst expects retail sales post full-year growth of 8.5%.

38% of consumers will spend 20% more on brands that offer conversational messaging

Amongst messaging apps, Singaporeans prefer Whatsapp to engage with brands.

Consumer price index up 7.5% in August

Transport prices were over 20% higher than a year ago.

Chart of the day: 1 in 6 says celebrity endorsements influences their purchases

36% said they are on the fence when it comes to celebrity endorsement.

Chart of the day: 1 in 6 most likely to consume works of controversial celebs

Younger consumers are most likely to be intrigued by controversial celebs.

Singaporeans need to save 7.6 days’ of salary to afford the iPhone 14 Pro

Globally, the Swiss are the most able to afford the iPhone.

Why retail sales growth is slowing down

Retail sales growth moderated to 13.7% YoY in July from 14.8% YoY in June. 

Some F&B operators, retailers unfazed by rising rents: Savills

It sees retail rents in Prime Orchard up by 3% year-on-year.

ShopBack converts an old school building into a university-like workplace

The purpose of this is to promote continuous learning amongst its employees.

Singaporean's use of credit cards for cross-border shopping declines by 11%

It is still, however, the most used payment method when shopping outside SG.