Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
The iconic Funan DigitaLife Mall, which belongs to CapitaLand Mall Trust, will be closed officially on 1 July 2016 for redevelopment works that is expected to last for three years. The redevelopment will add about 388,000 square feet (sq ft) of space to the…
More shops are moving to the suburbs. More retailers are opting to vacate their prime spaces in Orchard Road and move to the heartlands instead, according to a report by CBRE. This trend exacerbates the problems ailing Singapore’s retail leasing scene, which…
The current downturn in the luxury watch business is not stopping Cortina Watch from pressing on with its expansion plans. Last week, Singapore’s second-biggest watch retail chain officially opened South-east Asia’s biggest Patek Philippe boutique in ION…
DHL Supply Chain has launched its Advanced Regional Center (ARC) in Singapore. Built at an investment of more than S$160 million, the new 90,000 sqm facility features an S$18.8 million multi-customer automation system featuring advanced robotics. The…
Off-airport duty free developments, millennial travellers and legislative threats to travel retail’s growth will be focal points for discussion at this year’s TFWA Asia Pacific Exhibition & Conference, 8-12 May. The trio of workshops will provide delegates…
Singapore sovereign wealth fund GIC has teamed up with Indonesia’s PT Mega Manunggal Property (MMP) to develop a portfolio of quality logistics warehouses over the next three years. The warehouses will boast nearly 500,000 sq m of net leasable area in both…
Retail sales in Singapore dropped 3.2 per cent in February from the same month a year ago, defying economists’ predictions for an expansion in consumer spending and providing more evidence of a slowing economy. The retail sales contraction followed the…
Singapore’s sovereign wealth fund GIC and Korean department store Shinsegae are partnering to develop a prime retail mall in the Incheon Free Economic Zone (IFEZ). Working through affiliates, the companies have signed a US$197 million sale-and-purchase…
The Infocomm Development Authority of Singapore (IDA) and M1 have launched a trial Wi-Fi service for public buses. Commuters on selected SMRT Service 176 buses can now use Singapore’s first WiFi-On-The-Go service, as part of the heterogeneous network (HetNet)…
Two more Apple Stores will open in Jakarta as part of Story-i Indonesia’s retail strategy to expand the network to 18 locations. Story-i has formed a relationship with Singapore-headquartered retail giant Courts to open an initial two Apple stores within its…
German luxury brand Braun Buffel has opened a flagship boutique at Singapore’s Marina Bay Sands. Its official opening was attended by MD Christiane Brunk, great-granddaughter of Johan Braun who founded the company in 1887. Covering 1500 sqft (139 sqm), the…
Singapore retail rents are falling according to the latest figures from real-estate company DTZ Southeast Asia. Average monthly first-storey rent across the island eased by 1.2 per cent quarter-on-quarter to about S$30.15 (US$22.22) a sqft in the first…
Visitors to Retail Technology Show Asia 2016, being held from 20-21 April in Singapore will have the opportunity to hear from Checkpoint Systems, Inc. (NYSE: CKP) and see first-hand the latest merchandise visibility solutions that can help retailers reduce…
LinkedIn has opened its first data center in Singapore, spanning 23,500 square feet in Jurong. This is one of six data centers for LinkedIn globally, and the first outside the United States. LinkedIn has invested S$80 million ($587.4 million) so far in the…
Singapore-headquartered restaurant reservation startup Chope has acquired Indonesian counterpart MakanLuar, the company announced today. The value of the deal is undisclosed. The acquisition was made with a mix of cash and shares, although Chope co-founder…
Singtel has improved its real-time customer engagement capabilities with the implementation of a web chat system from online and mobile messaging platform provider LivePerson. The cloud-based chat solution allows Singtel to take advantage of predictive…
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