Retail
Singapore retailers told to step up as RTS link with Johor Bahru looms
Singapore retailers told to step up as RTS link with Johor Bahru looms
Shops should add value and cut costs to battle their lower-priced rivals.
Nearly half of Singapore retailers struggle with brand awareness
Ad and email fatigue emerged as the primary obstacle.
Retail sales dip 3.7% YoY in June amidst slow tourism recovery
Major events and cash handouts may boost retail sales.
Retail sales dip by 0.6% YoY in June
Excluding motor vehicles, sales would’ve suffered a deeper decline of 3.1% YoY.
Singapore sales professionals allocate only 29% of time to customer interaction
About 73% of sales teams have either fully implemented or are experimenting with AI.
DFI Retail Group profits more than double to $76m in H1 2024
The convenience and food divisions drove the increase.
43% of S’pore retailers struggle with brand awareness: survey
Ad and email fatigue amongst the main hindrances in building brand awareness for retailers.
Traditional advertising loses grip on Singapore's consumers
Nearly half of Singaporeans rely on word of mouth when it comes to shopping.
Sheng Siong Group’s net profit rises 6.8% YoY to $70m in H1
Higher revenue drove the increase
Stellar Lifestyle launches Staytion Lifestyle Centre at Dhoby Ghaut MRT Station
It will offer various services in beauty and wellness for commuters.
Survey reveals must-haves for online shoppers in Singapore
44% want an estimated delivery date.
RTS Link could cause significant retail value leakage, warns expert
DBS also expects a 3% to 4% impact on local retail sales.
Analysts keep a bright outlook for retail
RHB sees retail sales rising 2% YoY in 2024.
Retail sales rise 2.2% YoY in May
Excluding motor vehicles, sales would remain flat.
Consumers want more engagement on social issues, corporate leaders disagree: report
85% believe that companies and brands should be responsible for addressing social issues.
Local MSMEs primed to capture global e-commerce growth
B2C e-commerce exports to reach $3.9B by 2027.
IMDA and Amazon partner to boost digital skills for Singaporeans
The initiative will focus on teaching safe online shopping and Gen AI.
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