Retail
CHART OF THE DAY: Only 38% of Singaporeans prefer buying online vs in-store shopping
CHART OF THE DAY: Only 38% of Singaporeans prefer buying online vs in-store shopping
Online-first buyers in Singapore are likely to try new brands.
Changi Airport’s retail sales hit $1.1b in 2022
The figure represents 37% of sales in 2019.
Retail units in Royal Square on sale: Savills
The sale will be closed on 24 March 2023.
6 in 10 internet users but something online each week: survey
Over a quarter of Singaporeans purchase online via mobile phone.
Full-year outlook for retail improves due to China reopening
The revival will boost the travel and tourism sector in Singapore.
Retail sales growth expands to 7.4% YoY in December
In November, retail sales grew 6.5% YoY.
Growth in retail assets seen for Singapore as sales performance improve
Sales growth is expected for 70% of retailers due to China reopening.
Top 3 cross-border destinations retailers eye for expansion
Hong Kong and Singapore are tied for second place.
Chart of the Day: Grab food delivery outperformed ASEAN peers in GMW growth
It sustained growth consecutively in the past three years.
Teo, WTO director-general seek growth, inclusiveness of digital economy
The joint statement on e-commerce sets rules on the global digital economy.
Prime retail rents to extend growth in 2023
Rents grew 0.6% QoQ in Q4.
Chart of the Day: Younger consumers prioritise data privacy when buying electronics
Design is also a major factor when buying electronics.
WTO wants to seal negotiations on e-commerce rules in 2023
This was tackled on the sidelines of the World Economic Forum.
BNPL platforms risk losing trust by ignoring SFA Code of Conduct
Under the Code of Conduct, BNPL providers need to show customers their ‘Trustmark’.
Chart of the Day: Online sales events boost November retail sales
Online sales events reach $3.6b.
Islandwide prime retail rents to further recover in 2023
In Q422, rents rose 1.6% YoY to $25.15
Chart of the day: Unrecyclable products concern Singaporean shoppers the most
Six in 10 shoppers say they are concerned about products that cannot be reused.
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