Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
DFI Retail Group is set to become the sole wholesaler, distributor, and franchisee of GNC’s wellness and health products in Singapore. This move represents an extension of the existing strategic partnership between the two firms. DFI will employ its resources…
Over the past three years, approximately 64.5% of residential resale transactions in Singapore’s exclusive Sentosa Cove district have resulted in losses, according to data from local real estate platform, Mogul.sg. This figure marks a rise from the 62.8%…
After 21 years of satisfying sweet cravings with its unique range of gelato flavors, Singapore’s beloved gelato institution, Tom’s Palette, is set to cease operations by mid to late October. The heartening announcement was made by the shop’s spokesperson in a…
The surge in international flights operated by Vietnamese airlines has led to a reduction in airfare, even during the peak summer travel period. This is evident from the noticeably lower fares to popular destinations like Singapore and Thailand which are…
After two decades of serving artisanal chocolates in Singapore, Laurent Cafe & Chocolate Bar is set to close its doors on August 10 due to escalating costs and financial strain. The renowned Robertson Quay-based chocolatier made the announcement on Facebook,…
The Overseas Networks and Expertise (ONE) Pass program in Singapore, designed for highly skilled foreign professionals, reported a significant increase in participants end of last year. Around 8,500 individuals holding the pass marked a more than twofold…
Retail sales in Singapore experienced increased growth in June, with most sectors seeing improvements, with the most significant ones being recreational goods, watches, and jewelry. According to the Department of Statistics, retail sales—excluding motor…
Polène, the renowned French luxury leather goods company, has opened its first boutique in Singapore at Marina Bay Sands, the iconic destination designed by architect Moshe Safdie. Spanning 84 square metres, the store draws inspiration from traditional…
The Singapore FinTech Association (SFA) has introduced a voluntary code of conduct for payment service providers (PSPs). This sets new industry standards intended to bolster transparency, protect consumers, and build trust within the Singaporean payments…
Between April and June of this year, Singapore experienced a significant wave of layoffs, with approximately 4,500 workers losing their jobs. This figure represents the highest rate of retrenchment in over five years, showing a 17% increase from the prior…
DNA Brands Co, a Singapore-based firm that operates a chain of beauty and wellness centers, has pledged to issue refunds worth up to $1 million in response to accusations of coercing clients into making unwanted purchases. The firm, which oversees brands such…
The Personal Data Protection Commission (PDPC) of Singapore is currently conducting an inquiry into a cybersecurity event involving fashion retailer Love, Bonito. The company revealed recently that a vulnerability on its website might have exposed some of its…
Hongkong Land, a leading property investment, management, and development group, has successfully secured a deal to purchase Singapore’s premium shopping centre, Wheelock Place. The purchase, valued at approximately US$900 million, is being transacted through…
Beijing-based creator of popular ‘blind box’ toys, Pop Mart, is branching out with a new line of business, launching its premiere international bakery in Singapore. The company is giving a fresh, three-dimensional, and edible spin to its famous characters,…
In response to escalating costs associated with the Middle East conflict, the government of Singapore has announced its intention to provide each household with an additional allotment of Community Development Council (CDC) vouchers, valued at SGD 300 (USD…
Affluent investors in Singapore are optimistic about their financial future, though many are overlooking the crucial aspects of retirement and wealth-transfer planning. This is according to recently released data from a survey by HSBC. There’s a noticeable…
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