Retail
Chart of the day: Singaporeans shop at double the online platforms than last year
Chart of the day: Singaporeans shop at double the online platforms than last year
However, offline channel purchases are slowly growing.
Chart of the day: 1 in 6 most likely to consume works of controversial celebs
Younger consumers are most likely to be intrigued by controversial celebs.
Singaporeans need to save 7.6 days’ of salary to afford the iPhone 14 Pro
Globally, the Swiss are the most able to afford the iPhone.
Why retail sales growth is slowing down
Retail sales growth moderated to 13.7% YoY in July from 14.8% YoY in June.
Retail sales growth moderates to 13.7% YoY in July
In June, retail sales grew 14.8% YoY.
Some F&B operators, retailers unfazed by rising rents: Savills
It sees retail rents in Prime Orchard up by 3% year-on-year.
ShopBack converts an old school building into a university-like workplace
The purpose of this is to promote continuous learning amongst its employees.
Singaporean's use of credit cards for cross-border shopping declines by 11%
It is still, however, the most used payment method when shopping outside SG.
Chart of the day: What sold the most in Singapore’s retail trade sector in June?
Compared to June last year, wearing apparel and footwear sales grew by 92.4% YoY.
Declining consumer demand, inflation to bite retail sales’ full-year growth: RHB
Retail sales are expected to grow 10% in 2022 from 11.1% in 2021.
Retail sales growth moderates to 14.8% YoY in June
In May, retail sales grew 17.8% YoY.
Tourism, revenge spending boost May retail sales
Sales of clothing and footwear posted strong growths.
Chart of the day: S’pore is 3rd most likely to spend on shopping events
Singaporeans are top spenders on Single’s Day, second only to China.
Around 9 in 10 SG SMEs export to over 10 int’l markets
The average number of international destination markets in Singapore is 35.
Customer satisfaction with the retail sector worsens
The satisfaction level dropped by 1.5% YoY to 71.3 points in 2022.
Full-year retail sales growth to moderate in 2022
Analysts predict the full-year retail sales to grow around 9%-10%.
Retail sales jump 17.8% YoY in May
Excluding motor vehicles, total retail sales increased by 22.6% YoY.
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