Retail
Business receipts of service industries rise 3.9% YoY in 2Q23
Business receipts of service industries rise 3.9% YoY in 2Q23
Recreation & Personal Services had the highest growth in revenue amongst industries.
How much does an average Singaporean spend on monthly groceries?
An average Singaporean spends $211 monthly on groceries.
New bill balances bargaining power between tenants and landlord in retail leases
A CBRE expert believes the bill will make SG attractive to new entrants in the market.
Sea Limited bounces back from losses with $449.6m Q2 net income
This is compared to a net loss of $1.2b US$931.2m for the second quarter of 2022.
Retail sales climb 1.1% YoY in June
Month-on-month, however, sales fell by 0.8%.
Retail rents to see a sustained recovery in 2023
EDMUND TIE expects full-year rental growth of 1%-3% for prime retail spaces.
Retail space prices up 0.3% in Q2
This is compared to a decline in Q1 2023.
Are Singapore's younger consumers unsupportive of local brands?
Only four in 10 Gen Zs agree that supporting local brands is very important.
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.
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