Retail
Singapore outperforms omnichannel spending in Southeast Asia
Singapore outperforms omnichannel spending in Southeast Asia
The market’s omnichannel spending accounted for 57.6% of retail spend in 2022.
Shopee offers initiatives to help sellers with delivery, banking, and cashback
The e-commerce platform increased vouchers to help raise sales.
Dasin Retail Trust mulls disposal of retail malls as part of debt restructuring
In FY22, the trust’s net loss widened to $221.5m.
Keppel Corp subsidiary secures 65% stake in JV firm that holds Hanoi retail property
The stake has an aggregate consideration of over $70m (VND1.23b).
Tourism demand to improve retail sales momentum in 2H23: experts
In May, retail sales growth decelerated to 1.8% YoY.
Retail sales climb 1.8% YoY in May
Month-on-month, however, sales fell 0.2%.
SATS, SingPost ink MOU for e-commerce transshipment hub exploration
The hub will reduce delivery times, operating costs, and manpower.
Suburban prime retail market seen to rise by 1.5%-3.5%
This is due to hybrid work and consumers’ patronage of essential services.
P&G Singapore to build $100m manufacturing facility
The consumer goods company, which employs over 2,300 employees, just celebrated its 35th anniversary.
APAC commercial real estate faces $5.8b funding gap in next 3 years
CBRE expert reveals strategies to bridge the funding gap and highlights why Singapore shines above-rising interest rates in the region.
Smart, sustainable products to defy TCG market challenges
An expert from GfK says sellers can also realise better sales by introducing innovative products.
Shoppers visit more than 5 online retailers before buying: report
Over 68% reported looking both online and in-store when shopping.
Is Singapore on the path to recapture its status as a regional retail hub?
Data from Savills showed that Orchard Road rents may grow 2%-3% in 2023.
Retail sales climb 3.6% YoY in April
Excluding motor vehicles, retail sales would have grown by 4.2% YoY.
Manpower minister wants business transformation as JTM for retail sector launches
The creation of a map came after the growing economic changes in the industry.
7 generative AI strategies for in-store management without replacing humans
Marketing and e-commerce specialists said generative AI can be used as a chatbot and trainer for store managers, and businesses that do not have the...
One World Duty Free inks agreement to operate duty-free store in Sri Lanka
Construction would begin in mid-2023.
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Commentary
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Singapore’s digital confidence in the new retail era