Singapore retail sales

Compared to June last year, wearing apparel and footwear sales grew by 92.4% YoY.

Retail sales are expected to grow 10% in 2022 from 11.1% in 2021.

In May, retail sales grew 17.8% YoY.

Analysts predict the full-year retail sales to grow around 9%-10%.

Excluding motor vehicles, total retail sales increased by 22.6% YoY.

The new store will be launched in the third quarter of the year. 

However, most prefer to purchase products through the internet.

In April, sales expanded by 12.1% YoY.

F&B, however, weakened in February and March.

Yet only 1 in 3 retailers offer this option.

However, this is only if retailers can give assurance on security and privacy.

The increase was driven by larger growth in mutiple industries.

Toiletries and medical goods recorded the most growth in retail sales.

Sales finally grew by 11.8% in January after three years of decline.

Twelve of 14 industries also posted a decline in their respective sales.

Excluding motor vehicles, an 8.6% YoY jump to $3.9b was observed.