Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Revenue plunged by 21.5 per cent for jeweller Luk Fook Holdings (International) to reach HK$5.5 billion (US$709 million) for the six months to September 30. Its interim results also show a drop of 31.5 per cent in overall same-store sales for the period.…
Women’s shoe retailer Manolo Blahnik Malaysia has launched its first store, in Pavilion KL. The 95 sqm store is part of an Asia expansion plan that includes the refurbishment of its Singapore store at Takashimaya, as well as the launch of a flagship store in…
Hong Kong-headquartered fashion retailer Veeko – the Wanko and Colourmix parent – has found Singapore more challenging than its home market. For the six months to September 30, Veeko International Holdings recorded a turnover of HK$1.029 billion, down 3.5 per…
Cashless payments are growing rapidly in Asia-Pacific and so is cybercrime, costing the region an estimated $US 81 billion. With new combinations of malware customised for local markets, phishing and social engineering attacks as well increasing e-commerce…
Singapore telco StarHub has launched a 24-hour Chinese language shopping channel called Go Shop in a deal with Malaysian pay-TV giant Astro. Singapore, 24 November 2016 – This festive season, StarHub TV customers can look forward to an exciting…
Some 25,000 retail locations in Singapore are expected to accept a new mobile payment service within the next 12 months. Liquid Pay enables consumers to make payments by scanning a QR code at the point of sale, and compare merchant discounts and rewards from…
The Monetary Authority of Singapore (MAS) will soon test how it could issue digital currency using a v-based interbank payment system. The planned proof-of-concept will be supported by blockchain consortium R3CEV, as well as eight banks and an unnamed local…
The post-Thanksgiving shopping tradition that’s driving many Americans off the rails at the moment is returning to Singapore this weekend with several retailers here jumping on the Black Friday bandwagon. For those who are still keen on shopping even after…
DFS Group, the world’s leading luxury travel retailer, is excited to announce the pre-launch of an exclusive BVLGARI-BVLGARI collection by Italian luxury jewelry brand Bulgari, which will be available only at DFS and T Galleria by DFS stores beginning this…
Singapore Airlines will cut five weekly flights to Jakarta, from Dec 1, as directed by the Indonesian civil aviation authorities, the airline said. SIA which has been operating 63 flights a week to and from Jakarta has been told to cut five flights a week due…
It’s like dining a la carte 34,000 feet above sea level. That’s the “Book the Cook” experience that you get when you fly Singapore Airlines. It’s an exclusive advance inflight meal-ordering service that allows passengers in Suites, First Class, Business Class…
Apple Store Singapore is not likely to open in time for Christmas, according to an updated information board outside its site in Orchard Road. Outside Knightsbridge mall, the sign now shows an expected completion date of January 30 – a three-month delay. No…
US steakhouse Smith & Wollensky, famously described by the New York Times as “the steakhouse to end all arguments”, is expanding its global presence, setting its sights initially on such cities as Bangkok, Hong Kong, Seoul, Singapore, Taipei and Tokyo, as…
Singtel has expanded its ReadyRoam mobile data roaming service to cover multi-destination roaming across 26 countries in Asia, Europe and North America. The ReadyRoam 1GB for 30 days service will allow customers to use the same pool of data while traveling…
Jewel Changi Airport (Jewel), a lifestyle destination being developed in the heart of Singapore Changi Airport, has been named Best Futura Shopping Centre at MAPIC Awards 2016 in Cannes, France – a prestigious retail real estate industry event which honours…
Singapore’s sovereign wealth fund, GIC Real Estate Pte Ltd, has acquired GG-Square, a Seoul-based retail complex, for $136 million. The complex was completed in 2014 and is spread over an area of 238,248.43 square meters. It has 28 stories and is located in…
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