Retail
Grocery stores rush to steady supply as outbreak alert level rises
Grocery stores rush to steady supply as outbreak alert level rises
FairPrice has already imposed purchase limits to prevent customers from stockpiling.
Conscious consumerism, experiential selling are the top retail trends for 2020
Singaporeans are willing to pay premium prices for products that are more sustainable.
Prime retail rents stay flat in Q4 2019
Online platforms and slower sales dampened retail sales.
Daily Briefing: Businesses urged to make continuity plans over nCov spread; Deen Express ordered to explain price surge of masks
And US-based dating app The League enters Singapore. From Human Resources Online:
Coronavirus scare a boon for online grocery sales and telcos
Reduced outdoor time meant higher demand for online purchases and data streaming.
Novelship fills the gaps in the sneakers reseller market
It acts as an “gatekeeper” for authenticity and product condition.
Retail sales dipped 4% to $3.6b in November
Motor vehicles and furniture & household equipment led the decline in sales.
Retail sales fell 4.3% in October YoY
The optical goods and books industry experienced the biggest decline with a 6.9% fall.
BlinQ rolls out pre-owned luxury items delivery service
The platform will offer complimentary pick-up, price setting and product photography for clients.
Time to embrace sustainability in the fashion industry
Greenhouse gas emissions from the apparel industry is expected to increase to 49% in the next decade.
How luxury brands are turning old inventory into opportunity whilst staying environmentally sustainable
OnTheList ties up with brands like Jimmy Choo and Armani for weekly, members-only flash sales.
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.
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