Retail
Skipping the Festive Frenzy: 3 in 10 Singaporeans forego seasonal shopping
Skipping the Festive Frenzy: 3 in 10 Singaporeans forego seasonal shopping
Of those who shop for the holidays, 28% do so 3-4 weeks early.
CCCS to fund study on greenwashing in e-commerce websites
Five in 10 online products have vague environmental claims.
How brands can avoid inauthentic nostalgia marketing
A GlobalData expert flag inauthenticity in using throwback marketing and cite brand campaigns that are winning hearts.
Mirroring the circular economy, Carousell furnishes HQ with repurposed, second-hand items
The company’s ‘Snorlax’ meeting room has namesake plush toys bought from a Carousell user.
Women, boomers to drive Singles Day sales in Singapore
Seven in 10 boomers have planned for the 11.11 shopping event weeks or months in advance.
Experts cut retail sales growth forecast to 3.0% in 2023
Year-to-date, retail sales have grown 2.9%.
Retail sales climb 0.6% YoY in September
Month-on-month, however, sales fell by 1.6%.
Prime retail rents to increase between 3% to 5% in 2023
In 3Q23, the average gross rent of prime spaces island-wide rose 4.3% YoY to $26.70 psf pm.
Net profit of Sheng Siong jumps 5.7% YoY to $34.8m in 3Q23
The higher profit pushed the company's earnings per share up by 5.9% YoY.
Retail recovery drives 1.2% YoY increase in CLCT's net property income in 9M23
In 9M23, the REIT recorded a net property income of RMB316.4m ($59.8m).
How many hours do Singapore consumers spend on shopping apps?
Globally, time spent on shopping apps on Android phones alone is projected to rise 42% in 2023 from 2020.
Aampe innovates to help brands create relevant messages for unique consumers
The startup’s e-commerce client recorded a 6.7% incremental additional purchase events from consumers after generating relevant marketing messages.
Unit sales of tech and durables market drop 3% YoY in 1H23
Across subsegments, IT recorded the biggest drop in value in USD terms, falling -8%.
Singaporean Gen Zs prefer online shopping
The age group has been seeing a steady increase in spending power.
Singapore’s Consumer Association launch accreditation scheme for online businesses
This comes as they received increasing complaints from Singaporean consumers.
Here are the top shopping apps in Singapore
NTUC Fairprice is the top app for e-commerce.
SG IKEA retailer posts 2.1% YoY revenue growth to $1.67b for 2023
Its revenue in Singapore declined by 2% during the period.
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