Retail

Parkson Retail’s net profit falls 4.3% in FY2024

The company’s revenue also decreased YoY by 3.1% to $214.8m.

Retail vacancy rate falls to 10-year low with strong demand in 2024

Demand may rise with tourist arrivals in 2025 but could be offset by outbound travel.

OSIM boosts business transparency following CCCS flags

OSIM was flagged for lack of product disclosure and misleading product information and prices.

Taka Jewellery’s profit grows 22% YoY in H1 2025

This was due to an increase in all the group’s business segments.

Singapore retail sector poised for 2025 rebound amidst new attractions

In December 2024, retail sales declined by 1.5% MoM seasonally adjusted after a 2.8% drop in November.

Retail sales fall 2.9% YoY in December

The total retail sales value for December was estimated at $4.6b, with 13.4% of sales coming from online transactions.

Singapore’s in-store cafés may soon reach their limit

If every retailer has its own café, it becomes just part of the crowd.

Strong supermarket outlook driven by positive retail consumption trends

The segment is growing driven by cost efficiencies and new outlets.

Prime retail rents rise by 3.0% YoY in Q4 2024

Rents in Marina Centre, City Hall, and Bugis recorded the highest YoY increase.

What Singaporeans are spending on this Chinese New Year

Food-related expenses make up the largest portion of their spending plans.

LMIRT may not meet minimum interest coverage ratio for FY2024

No financial impact is expected from the potential breach.

From Labubu to Moo Deng: The role of microtrends in retail success

Success in leveraging microtrends relies on two key factors.

Duty Free’s net profit soars to $12.6m in Q3 2024

Revenue also increased by 6.3% to $12.5m.

Retail sector faces headwinds despite expected early 2025 boost

Expected GDP easing to affect retail sales growth this year.

Retail sales decline 0.7% YoY in November as key sectors show mixed performance

Excluding motor vehicles, sales would slip further by 1.4% YoY.

1 in 4 Singaporeans keen to save more money in 2025 – NielsenIQ

Retail discounts will drive spending decisions in 2025.