Retail
Retail sales drop 1.2% YoY in April
Retail sales drop 1.2% YoY in April
Excluding motor vehicles, sales would have fallen 4.5% YoY.
Credit card dominance in Singapore to wane by 2027 with digital wallet rise
Digital wallets will dominate 50% of online transactions and credit card spending will fall to 32% in three years.
The Hour Glass's profit after tax drops 10% to $157.6m in FY24
New Zealand’s tax changes impacted profit.
Cortina's profit falls 20% to $61.1m on higher costs, exchange rates
With lower profits, the company reported a profit per share of $0.369.
Singapore retailers slow to adopt self-checkout
Less than two in 10 retailers offer such feature.
DFI Retail forecasts US$180m-US$220m FY24 profit
The company maintained its forecast despite strong 1Q24 growth.
ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
Islandwide private retail vacancy rate hits 10-year low
Vacancy rate fell to 6.6% in 1Q24.
Petroleum sales slump drives 1Q24 domestic wholesale trade decline
Sales of petroleum and petroleum products dropped 21.0% YoY.
Singaporeans opt for gifts and outings on Mother's Day
Four in 10 picked gift-giving as an ideal way to mark the special day.
Why retail sales fell despite expected boost from Taylor Swift shows
Retail sales fell 1.0% MoM.
Retail sales rise 2.7% YoY in March
On a month-on-month comparison, however, sales fell 1.0%.
Retail space stocks grow by 19,000 sqm in Q1 2024
Retail space prices rose by 1.8% this quarter from 1.2%.
Sheng Siong net profit up 8.9% to $36.3m in 1Q24
The supermarket attributed the increase to better sales.
Retail opportunities abound in 4 Orchard Shopping Belt sub-precincts
These sub-precincts will undergo redevelopment and have seen a growing presence of brands.
Mega sales drive 30% surge in brand transactions
Mega sales and digital content shape consumer engagement.
8 suburban areas to watch for retail investment
These areas have low provision of retail space compared to resident populations.
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