Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Japanese department store operator Isetan has reported mounting losses in Singapore as sales fall and rents rise. Group sales for the three months to June 30 were $71.467 million, a decrease of $10.819 million or 13.15 per cent over the same quarter a year…
Danish chain Joe and the Juice will make its Southeast Asian debut in Singapore in the last quarter of this year. The hip juice bar brand will be brought to Singapore by Norbreeze Group, a retail specialist which incubates brands to unlock their growth…
Singapore retail jeweller Soo Kee Group has launched an IPO to raise funds for expansion in Singapore and Malaysia. Soo Kee will sell 112.5 million shares at S$0.30 each, which will raise $33.75 million after expenses. The majority of the shares will be…
Swiss luxury timepiece-maker Hublot may be considered a “young” player in a market where its competitors have storied histories. But it has already made its mark. Founded in 1980 by Italian Carlo Crocco (who used to be part of the Binda Group, which makes…
Labels such as Raoul, Ong Shunmugam and Collate The Label are certainly going to give it a try In the heart of an old industrial estate in Toa Payoh North, an immaculately dressed Velda Tan sits in a small office as office workers, aunties wearing tight…
Singapore’s Ministry of Trade and Industry (MTI) announced on Tuesday that the Singapore economy grew by 1.8 per cent on a year-on-year basis in the second quarter, slower than the 2.8 per cent growth in the previous quarter. On a quarter-on-quarter…
Singapore has bounced back from a drop in new business formations, with a nine per cent increase in the second quarter of this year. According to official data, 15,964 new businesses were registered in the three months to June 30, underscoring the confidence…
CapitaLand Limited has today announced a second half after tax group profit of S$464 million – 5.8 per cent up on the same period last year. The property giant, which derives 80 per cent of its revenue from Singapore and China, has a portfolio including…
The new Waterway Point Mall in Singapore is already 90 per cent leased, a whole six months ahead of its scheduled opening date. Developer Frasers Centrepoint Malls says the new centre in Punggol won’t be open for business for about six months, but the vast…
Breadtalk Singapore has apologised to customers and withdrawn its soy milk for sale after a backlash on social media. The company has been labelling and promoting its bottled soy milk as “freshly prepared” – the claim was disproved by a photograph uploaded…
As financial institutions (FI) jostle to get a bigger share of the consumer dollar by sending their salespeople to hawk everything from credit cards to insurance and investment products at shopping malls, MRT stations and other public places, the Monetary…
The upcoming Singapore Savings Bonds and stricter rules on how much capital banks must hold may be driving lenders to offer enticing promotional rates for fixed deposits. A shortage of funds on deposit available to banks for lending might also have prompted…
The Singapore office of Warner Music – one of the major music labels along with Universal Music and Sony Music – is no longer bringing in CDs for sale and distribution here. This is what insiders in the local music industry – retailers and other labels – have…
State-owned Bank Rakyat Indonesia (BRI) will provide syndicated loans as part of a strategy to attract Indonesian companies following the opening of the lender’s branch office in Singapore. The lender will allocate at least US$100 million in the first year to…
International information technology players have been piling in. Japanese telecoms group Softbank has made a string of acquisitions across Asia. It invested $250m in the region’s ride-hailing app GrabTaxi at the end of last year. In Indonesia, it invested…
Dark Horse the unique Singaporean vintage clothing retail concept, is holding a grand opening of its pop up store tomorrow, (August 1). Dark Horse Vintage offers a comprehensive range of “vintage treasures” hand-picked from abroad. Each piece has its own…
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