Retail
Carousell Campus launched to enhance recommerce capabilities
It will improve brands’ authentication and inspection.
Carousell Campus launched to enhance recommerce capabilities
It will improve brands’ authentication and inspection.
H&M makes fashion statement with sustainable facade at revamped Orchard store
The company used ‘i-Mesh’ fabric as the store’s facade, marking a first in Southeast Asia.
Seven in 10 consumers are enthusiasts of loyalty programmes
Gen Z and millennials are most likely to avail of these programmes.
More than 5 in 10 online shoppers want sustainability info on products
Sustainability info affects the purchase decisions of eight in 10 consumers.
Local artisans initiative reaches over 150 homegrown brands
The third phase targets to expand their reach internationally.
Retail sales flatline in July but expects rebound in H2
However, outside factors like negative job market conditions could put a drag on its growth.
Retail sales climb 1.1% YoY in July
Month-on-month, sales improved by 0.6%.
Dasin Retail Trust receives demand notice over onshore facility loan default
The around $67.3m loan facility matured on 31 December 2022.
Recovery of retail rents to be uneven: analyst
Experts forecast a slower increase of 2.0% YoY for the Suburban Area.
Retail sector offers the least work flexibility: report
Only four in 10 retail employees feel their employers offer flexibility.
Business receipts of service industries rise 3.9% YoY in 2Q23
Recreation & Personal Services had the highest growth in revenue amongst industries.
How much does an average Singaporean spend on monthly groceries?
An average Singaporean spends $211 monthly on groceries.
New bill balances bargaining power between tenants and landlord in retail leases
A CBRE expert believes the bill will make SG attractive to new entrants in the market.
Sea Limited bounces back from losses with $449.6m Q2 net income
This is compared to a net loss of $1.2b US$931.2m for the second quarter of 2022.
Retail sales climb 1.1% YoY in June
Month-on-month, however, sales fell by 0.8%.
Retail rents to see a sustained recovery in 2023
EDMUND TIE expects full-year rental growth of 1%-3% for prime retail spaces.
Retail space prices up 0.3% in Q2
This is compared to a decline in Q1 2023.
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