Retail
Upcoming major events to drive up retail sales: UOB
The analyst expects retail sales post full-year growth of 8.5%.
Upcoming major events to drive up retail sales: UOB
The analyst expects retail sales post full-year growth of 8.5%.
Retail sales growth moderates to 13.0% YoY in August
In July, retail sales grew 13.9% YoY.
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: Singaporeans shop at double the online platforms than last year
However, offline channel purchases are slowly growing.
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.
Retail sales growth moderates to 13.7% YoY in July
In June, retail sales grew 14.8% YoY.
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.
Declining consumer demand, inflation to bite retail sales’ full-year growth: RHB
Retail sales are expected to grow 10% in 2022 from 11.1% in 2021.
Chart of the day: What sold the most in Singapore’s retail trade sector in June?
Compared to June last year, wearing apparel and footwear sales grew by 92.4% YoY.
Retail sales growth moderates to 14.8% YoY in June
In May, retail sales grew 17.8% YoY.
Tourism, revenge spending boost May retail sales
Sales of clothing and footwear posted strong growths.
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