Retail
Singapore’s retail sales may have surged 8.1% in July
Singapore’s retail sales may have surged 8.1% in July
Excluding motor vehicles, Standard Chartered expects the print to come in at 7.8%.
Retail therapy: Government to fund $3m retail scholarships
This is to provide Singapore’s retail workforce accessible and affordable university education.
Price pressure: Companies worldwide lose 25% of profits on battling price wars
And 83% of managers blame their competitors for triggering the price wars.
IT Savvy: Retailers intensify investments in technology
Retail IT spending in Singapore is estimated to grow by 5.8% y-o-y to $163.21 million in 2011 or far above the compound annual growth rate of...
Ka-ching!: Singaporeans’ online spending up by a whopping 236%
And guess which were the top three largest online shopping categories during the Great Singapore Sale?
"It’s not about clocking in more opening hours": Mr Teo Ser Luck
The Minister of State for Trade and Industry said retailers should be creative in enhancing the customer experience, enlarging customer base, and...
Ka-ching! Asian private consumption resilient with 5% growth
This typically accounts for 50-60% of GDP, except in China and Singapore.
Singapore’s retail sales rise 1.6% in June
Food and beverage sales also increased by 1.5%, according to a report from Singapore's Department of Statistics.
Charge it: MasterCard users’ spending up 48% to a record US$1.32b
Both locals and tourists spent a total of US$73.5m on dining out during the Great Singapore Sale.
Singaporeans are not buying it
Wholesale and retail trade flatlined compared to a year ago.
Ka-ching! Tourist retail up 35.7% to an incredible $4.98b
But continued appreciation of Sing dollar may impact inbound tourist numbers as well as spending.
Asia’s rising middle class to reach an amazing 1.7b in 2020
And you’ll never guess what you can find in their shopping bags.
OSIM’s $18.8m profit within analyst's expectations
It was 2.2% higher than OCBC’s projection of $18.4 million.
Epson accuses former Singapore staff of fraud
The alleged fraud allowed employees to get bonuses for meeting sales targets which they may not have otherwise met.
OSIM’s profit up 58% at S$19m
The second quarter results meant ten consecutive quarters of growth.
What grocery list? Singaporeans rank second most impulsive shoppers in Southeast Asia
But survey shows Singaporean shoppers are also the second most price-sensitive.
Chinese consumers to become biggest luxury spenders by 2012
Luxury tax amounted to RMB1.2trn in 2010.
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