Retail
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.
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.
Just another special occasion? How Singaporeans view Father’s Day
Some middle-aged Singaporeans are skeptical.
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.
Retail sales full-year growth to hit 6%: analyst
In April, sales expanded by 12.1% YoY.
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.
Around 1 in 2 consumers are more inclined to visit unmanned stores
Unmanned stores are deemed safer due to contactless protocols.
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