Retail
Retail sales grew 12.7% YoY in February
The Chinese New Year festivities contributed to the growth.
Consumers crave human connection amidst era of automation
Businesses should balance automation with personal care, says Euromonitor International.
On hold? About 5 in 10 Singaporeans complain about unresolved customer service issues
Organisations risk more than 5% of their sales with poor customer service.
E-commerce adoption growing amongst the silver generation: survey
Seven in 10 seniors have integrated e-commerce into their daily routine.
8 in 10 consumers are rethinking spending
Four industries will be most affected by this change.
Retail sales fall 9.4% MoM in January
The January record is a reversal from the 7.7% increase in December.
Retail sales momentum to decelerate into 1H23
RHB expects full-year retail growth to clock in at 6.0%.
DFI Retail Group posts 72% decline in underlying profit in ‘challenging’ 2022
The underlying profit fell to $39m (US$29m) in fiscal year 2022.
Dairy Farm’s recovery may rely on China economic revival
The retail firm, however, will be hit by inflationary pressures.
CHART OF THE DAY: Only 38% of Singaporeans prefer buying online vs in-store shopping
Online-first buyers in Singapore are likely to try new brands.
Changi Airport’s retail sales hit $1.1b in 2022
The figure represents 37% of sales in 2019.
Retail units in Royal Square on sale: Savills
The sale will be closed on 24 March 2023.
6 in 10 internet users but something online each week: survey
Over a quarter of Singaporeans purchase online via mobile phone.
Full-year outlook for retail improves due to China reopening
The revival will boost the travel and tourism sector in Singapore.
Retail sales growth expands to 7.4% YoY in December
In November, retail sales grew 6.5% YoY.
Growth in retail assets seen for Singapore as sales performance improve
Sales growth is expected for 70% of retailers due to China reopening.
Top 3 cross-border destinations retailers eye for expansion
Hong Kong and Singapore are tied for second place.
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