Retail
Retail sales dropped 8.6% to $3.1b in February
Retail sales dropped 8.6% to $3.1b in February
Industries selling discretionary items were affected by a decline in tourist arrivals.
NTUC FairPrice temporarily closes Bedok Mall store
Staff were put on leave after one of the employees was diagnosed with COVID-19.
Landlords urged to limit retail rents by turnover
This hopes to avoid permanent store closures as the pandemic hit stores’ sales.
UOBAM launches Singapore's first bond fund for retail investors
Underlying Fund focused on impact investing and stable income for investors.
Not all-gloomy: retail sales shift to supermarkets
Sheng Shiong’s and Dairy Farm’s earnings would likely grow by around 3%.
Lazada, Shopee are the two most used e-commerce apps in Southeast Asia
It was the top app in Malaysia, Thailand and the Philippines.
Sasseur REIT reopens Chongqing and Bishan outlet malls
Its China malls were temporarily shuttered seven weeks ago due to the outbreak.
Chart of the Day: Gen Z prefers physical stores despite being big online spenders
Gen Z view physical stores as more trustworthy than online sales.
Chart of the Day: Mall carpark vacancies subside weeks after DORSCON row
The worst may be over for retailers and retail REITs.
Virus crisis to hit Dairy Farm's North Asia earnings
Restaurant earnings fell 30% during the SARS outbreak in 2003.
Dairy Farm's 2019 profits skyrocketed 281.84% to $448.53m
Total sales, supported by its investment in Robinsons Retail, climbed 26%.
Retail sales headed for double-digit declines by end-Q1
Sales might contract of 5% for the whole year.
Retail sales down 5.3% to $4.1b in January
Sales from motor vehicles saw the largest decline and crashed 33.6%.
Online grocery and food delivery demand ticks higher: report
Online orders skyrocketed 300% after Singapore raised its disease response level.
SPH REIT to provide assistance scheme for tenants
Tenants will be allowed to operate for shorter hours.
Starhill Global REIT implements COVID-19 measures for retail tenants
They will receive rental rebates and marketing assistance.
Face mask stocks nearly doubled in online stores
The inventory surged by 173% in early February.
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