Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Singapore is looking into the creation of a payments system similar to the UK’s Paym that would let someone send money using only the recipient’s mobile number, email address or social network account. The all-in-one addressing system – which would mean…
Hong Kong shoe retailer On Pedder has launched an eCommerce site featuring a curated mix of luxury footwear. It is centered around the retailer’s Pedderzine, a seasonal art-fashion hybrid magazine distributed to customers. Complimentary shipping is being…
Gaming giant Las Vegas Sands Corp has held preliminary talks with prospective buyers of the Marina Bay Sands mall. The surprise revelation came during a conference call following an earnings report yesterday in which the US-based company revealed a casino…
Singapore retail is now “a tenant’s market”, realtors warn in the wake of official data showing further decline in boath rental rates and occupancy levels. According to URA data out today (April 22), retail rents fell by 1.9 per cent in the first quarter of…
Forget stairs and elevators – a Shanghai mall has installed a five-storey enclosed slide for shoppers. Spiralling down some 54 metres, the 76cm wide chute at the Printemps mall in the Pudong New Area is covered in bright patterns and is named The Happy Slide.…
Success or failure is often in the eye of the beholder, and in the case of Las Vegas Sands that sentiment holds very true today. On Wednesday after the market closed, the company reported first-quarter revenue of $2.72 billion and earnings of $320.2 million,…
Singapore’s DBS Bank has launched what it says is India’s first mobile-only bank. Dubbed digibank, the mobile app functions as an entirely paperless, signatureless and branchless bank for India’s residents. The initiative aims to break away from conventional…
Vacancies at retail malls in the central region hit a five-year high in the first quarter of the year, driven largely by more vacant space in the Orchard sub-market. The rate went up from 8 per cent to 8.7 per cent, analysis from Colliers showed, the highest…
Singtel has launched a first-of-its kind cyber security institute in APAC aimed at helping business and governments in the region enhance their cyber security skills and preparedness. The Singtel Cyber Security Institute (CSI) is designed as a hybrid between…
ShopBack switches up its style as the local Cashback site swaps its amicable look for a chic layout with the launch of ShopBack Premium, a sleek space carved for housing of international fashion and beauty labels. An exclusive capsule curated for fashion…
On April 18, 2016, Australia’s third largest private healthcare group, Healthe Care, officially became a member of Luye Medicals Group Pte Ltd (Luye Medical Group) after the acquisition from Australia’s Archer Capital Fund was completed. Through the…
PRICES of retail space in Singapore continued to fall by 1.9 per cent in the first quarter of 2016, after declining 0.1 per cent in the previous quarter. Rentals of retail space also fell by 1.9 per cent in Q1, after declining 1.3 per cent in the previous…
Apple Pay Singapore is now live – the second Asian market in which the tech giant’s new payments system is now accepted. The cardless, cashless payment system debuted in China last month and more Asian markets are expected to follow after negotiations are…
French clothing company Lacoste Singapore has tendered successfully for an outlet at Changi Airport. RSH Singapore, which represents Lacoste, has been awarded a 78 sqm concession in the west departure/transit lounge on level two. Calling for mid-priced…
Singapore-based mobile point of sale (mPOS) provider SoftPay Mobile International has arranged to buy out Vietnam MPOS Technology. Vietnam MPOS customers include Mai Linh Taxi Group, one of the largest taxi groups in Vietnam, as well as insurance companies.…
Singapore’s StarHub has introduced the ability for its customers to use Apple Pay for secure mobile payments. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a…
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