Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Motor vehicles lifted Singapore’s retail sales to a 2.9 per cent year-on-year growth in December 2015 from what would otherwise have been a 3.6 per cent decline, according to the Department of Statistics. On a seasonally adjusted basis, retail sales in…
Singapore retailers are facing “dark days”, including store closures, according to Singapore real estate company CBRE. With falling domestic demand and soaring costs, there will be more store consolidations and closures, it says in a new report. It predicts…
As part of its company synergy, the Garuda Indonesia Group will for the first time join Singapore Airshow, Asia’s largest aerospace and defence event. This is Garuda Indonesia’s first participation as a Group, as only one subsidiary, the Garuda Maintenance…
Smith will join Debenhams in May. He will also be appointed to the department store group’s executive committee. Smith, who is currently based in Singapore, has been with The Body Shop for five years and previously held the same position at Pepe Jeans. He has…
We’ve all heard of DBS — after all, it’s the largest bank in Singapore and Southeast Asia. And, it has 280 branches all over the rest of Asia, including China, Hong Kong, Taiwan, India and Indonesia. Other than its extensive coverage, the bank recently…
Black Friday, the day after the Thanksgiving holiday in the US (celebrated on the fourth Thursday in November), and Cyber Monday, the first Monday after Thanksgiving, mark the start of the year-end holiday shopping season. Figures from the United States…
Amid the rows of blue jeans lining the walls of apparel chain Uniqlo are headscarves, baju kurung and kebaya — part of the Japanese retailer’s new section in Singapore that caters mainly to Muslim shoppers. While these garments are usually sold at niche…
He stayed out of the limelight and shied away from the media, so few might know that Mr Jopie Ong Hie Koa was one of Singapore’s true trendsetters. The late managing director of Metro Group, who died suddenly on Tuesday night at age 75, was the first to…
Japan’s largest online retailer Rakuten is closing its Singapore website after two years, and trimming its staff. On Friday, the fifth day of Chinese New Year, about 30 local employees were given the pink slip . While the company will continue to keep its…
HSBC’s Singapore branch is spinning off its retail banking and wealth management division into a local subsidiary. This locally incorporated unit, which will be operational from May 9, will oversee the running of all operations of the retail banking and…
Earnings plunged 85 per cent at developer Wing Tai Holdings in the second quarter due to the absence of a one-off gain in the corresponding quarter last year. The group had recorded a gain of $21.1 million on the disposal of a property subsidiary in Indonesia…
In order to follow new MAS regulations. HSBC will transfer its local retail banking and wealth management business, which is currently under the HSBC Singapore Branch, to a locally incorporated subsidiary, HSBC Bank (Singapore) Limited. The transfer of HSBC’s…
A $100 million investment aimed at funding pan-Asian expansion is on the cards for Singapore’s online grocer RedMart. Discussions involving the Series C investment are said to be at an advanced stage, reportsTechCrunch, citing two sources. While closure is…
Singapore’s tight labour market has resulted in Retail, F&B establishments and event organizers facing issues of inconsistent service levels. To cater to the demand for reliable and capable part-timers, Emmanuel Crouy, Mark Melo and Ke Liang co-founded review…
Isn’t it fascinating that the world’s largest accommodation provider doesn’t own a room, or that the world’s largest retailer doesn’t own a shop (for the time being) and here we have the world largest taxi company that doesn’t own a taxi. So what might some…
With the rising trend of consumers buying lower-value goods online, shopping malls are likely to attract higher-priced fashion and beauty brands, while malls that integrate digital-savvy retailers are likely to gain market share, research from property…
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