Retail
Retail sales slid 2.2% to $3.5b in September
Retail sales slid 2.2% to $3.5b in September
The motor vehicles industry recorded the largest decline as it crashed 12.3%.
SPH REIT banks on rising consumer spending with Westfield Marion buy
The mall’s proximity to several government-backed projects nearby will boost spending in the long run.
Sheng Siong profits up 16.4% to $20.59m in Q3
Its new store openings boosted revenues.
How malls are reinventing themselves as e-commerce bites
Retailers are embracing smaller stores and experiential selling to stay afloat.
Lotte Duty Free to take over Liquor & Tobacco concession at Changi Airport
All 18 stores will be redesigned.
Zilingo to pump $136m into digitising US operations
The startup opened offices in New York and Los Angeles earlier in 2019.
Shopee hit 11 million orders on previous 11.11 sale
The e-commerce sector is set to exceed $208b by 2025.
Japanese beauty brand KOSÉ to open store in LazMall
Synagie will facilitate the store’s management and operations.
Retail sales down 1.3% to $3.6b in August
Auto sales saw the steepest decline with a 19.1% crash.
How Singapore's second billion-dollar startup is revolutionising retail
Trax offers real-time product tracking services and counts Coca-Cola and Nestle amongst its clients.
CCCS sets out price transparency guidelines
It will require suppliers to include mandatory fees in the headline price.
Chart of the Day: Rental gap between suburbs and central narrows in Q2
From around 11.3% in Q1 2015, the gap has narrowed to roughly 1.9% in Q2 2019.
Retail sales rebounded 2.6% in July after two-month decline
Auto sales jumped 23.7% compared to last month.
Chart of the Day: Orchard Road ground-floor rents fell 1.5% to $40.6 psf in H1
The rental decline came as several brands downsized their businesses. This chart from Colliers International show that ground-floor rents on Orchard...
Retail space supply to drop sharply after 2019
The total amount of future private retail supply from 2020-2022 is estimated at 0.39 million sqft.
Sports retailer Decathlon to open AR-powered store at The Centrepoint
It will open by early 2020.
New hawker stallholders to pay lower rents
New stallholders will also enjoy a 10% rental remission until February 2020.
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