Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Electrical, IT and furniture retailer Courts Asia reports 24.4 per cent growth in net profit to S$5 million (US$3.5 million) for the third quarter to December 31. This is despite revenue falling 8.6 per cent year-on-year to $187.2 million, attributed to lower…
Hooters of Singapore – Marina Bay has opened in Marina Boulevard, led by franchisee Destination Properties Group. Covering 2336 sqft (217 sqm) and close to Marina Bay Sands and Marina Bay Financial Center, the restaurant features more than 22 large-screen…
Singapore’s Singtel grew its net profit for its fiscal third quarter by 2% to S$973 million ($686.6 million) in the face of declining operating revenue. Revenue fell 2% to S$4.41 billion as a result of a regulator-mandated reduction in mobile termination…
It took just one year for Anurag Avula to realise that India is an investment market. “That’s the top learning from India,“ confesses cofounder and CEO of Singapore-based ecommerce enabler Shopmatic, which forayed into the country in January 2016. However,…
Last Mile Fulfilment Asia (LMFAsia), the region’s premier trade show for the retail, ecommerce, logistics and parcel industries, returns with the third edition on 2 to 3 March 2017. Themed “Go Global, Deliver Local”, the event aims to drive and strengthen a…
Singapore fashion and lifestyle platform iFashion Group has acquired independent designer brands marketplace Megafash in a S$3.15 million (US$2.23 million) cash-and-shares deal. This follows iFashion’s purchase of lifestyle and fashion brands Dressabelle and…
Casino mogul Sheldon Adelson’s price tag of up to S$4.9 billion (US$3.5 billion) for a 49 per cent stake in Shoppes at Marina Bay Sands makes it the “most expensive mall in the world,” he says. However, sovereign wealth funds and private-equity giants may be…
A recent study by Kadence International, in Singapore, found that Meiji is the number 1 yogurt brand, in terms of number of consumers using it, followed closely by Marigold. In addition, nearly all Singaporeans are aware of Meiji (96%) and Marigold (97%).…
Singapore’s StarHub revealed its fourth quarter profit fell 33.2% to S$54 million ($38.6 million), as a result of higher costs and growing competition. Revenue for the quarter stayed flat at S$634.8 million, but service revenue grew 1% year-on-year to S$567.1…
Singapore Airlines (SIA) is reportedly expanding its search for cadet pilots beyond Singapore’s borders. This is part of an aggressive recruitment drive to hire more pilots to meet the needs of a growing fleet. The carrier had ordered 67 Airbus 350s, six of…
Singapore leads the way in Asia in terms of possessing the requrired building blocks to ensure business success in a connected world, according to the Economist Intelligence Unit. The EIU’s “Connecting Capabilities” report includes the first ever Asian…
Singapore retail rents slipped by 4.2 per cent in 2016 – an improvement on the 5.7 per cent decline of 2015, according to data from Edmund Tie & Company research. And they should remain resilient in the year ahead. The islandwide average monthly retail gross…
Singapore’s soft real estate market in Singapore was given a boost last year. Investment volume rose 34 percent year-on-year to US$9.4 billion, underpinned by major deals such as the sale of Asia Square Tower 1 and a series of transactions, including a top…
In Singapore, giant casino operator Las Vegas Sands Corporation is reportedly hoping to sell off a large stake in its shopping mall inside the Marina Bay Sands development before potentially using the proceeds to invest in future venues in Japan or South…
The said industry posted a 13.5% decline. Due to the 17% growth in motor vehicle sales, overall retail sales in Singapore posted a 1.1% spike. Without the said industry, retail sales would have slumped 2.1%. Guess which industry posted the heaviest drag.…
Usually, at this time of the year when Chinese New Year (CNY) is just around the corner, Ms Evelyn Ng, a shop assistant at a candy store, would be very busy at work. These days, however, business has been lukewarm — so much so that the shop will be moving out…
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