Retail
Ka-ching! Tourist retail up 35.7% to an incredible $4.98b
But continued appreciation of Sing dollar may impact inbound tourist numbers as well as spending.
Asia’s rising middle class to reach an amazing 1.7b in 2020
And you’ll never guess what you can find in their shopping bags.
OSIM’s $18.8m profit within analyst's expectations
It was 2.2% higher than OCBC’s projection of $18.4 million.
Epson accuses former Singapore staff of fraud
The alleged fraud allowed employees to get bonuses for meeting sales targets which they may not have otherwise met.
OSIM’s profit up 58% at S$19m
The second quarter results meant ten consecutive quarters of growth.
What grocery list? Singaporeans rank second most impulsive shoppers in Southeast Asia
But survey shows Singaporean shoppers are also the second most price-sensitive.
Chinese consumers to become biggest luxury spenders by 2012
Luxury tax amounted to RMB1.2trn in 2010.
May retail sales up 10%
Bad news though for retailers of optical goods & books as sales dropped 3.3% compared to May 2010. Meanwhile supermarket sales fell 1.2% in May 2011...
Retail sales surge to 11.5% in May
Economy may be ailing, but that’s not stopping Singapore shoppers.
Charge it: Spending of MasterCard users in Singapore up 49%
A total of US$676.6 million was spent over the first month of the Great Singapore Sale.
World consumer spending gets a boost from lower petrol prices
15 out of 18 non manufacturing sectors grew through June, a sign that the world economy is back on track.
Retail rent in Orchard/Scotts Road rises to S$40 psf
The gross rent of retail space in other city areas also grew by 0.6% to S$24.05 psf.
70% of Singaporeans are shopaholics
Shopping becomes a national pastime with 80% of Singaporeans unable to resist a good bargain.
Retail sales up 8.1% in April
But retailers of furniture and household equipment were not sitting pretty with sales dropping 1.4% compared to April 2010.
Charge it: Spending of MasterCard users in Singapore up 66%
Almost $50 million was spent by Singapore-based MasterCard cardholders during the first weekend of the Great Singapore Sale. This is a 66% increase...
Cheap Cheap: 98% of hawker stalls maintained prices in April
DOS’ latest Hawker Food Price Survey revealed only 32 surveyed stalls raised prices in April compared with March 2011.
Read Here
Advertise
Sign Up
Commentary
Singapore Companies Eye Vietnam to Navigate Manufacturing Shifts, Green Transition, and the AI Revolution
AI is revolutionising learning: Why should educational institutions in Singapore embrace this change?