Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Store closures lie ahead as the parent of Robinsons Singapore and the local M&S franchise refocuses on its key flagships. Dubai-based Al-Futtaim Group will close several stores in the city state and revamp others. The Marks & Spencer store at Centrepoint will…
Singapore bird’s nest and wild honey specialist Yummi House has opened its first store in Hong Kong. The flagship store is described as a regional headquarters and will help the company to expand its business in the eastern Asia-Pacific region. Yummi House…
Consumer confidence in Singapore fell in February, mainly due to Singaporeans’ reduced confidence about their personal finances over the next 12 months. This is according to a consumer confidence index by ANZ-Roy Morgan which fell 2.1 percentage points (ppts)…
Retail and brand consultancy Fitch has named two senior executive appointments in Asia. Ian Bellhouse has been appointed regional CEO for Asia Pacific and Greater China, reporting into Worldwide CEO Simon Bolton. With more than 20 years at Fitch, Bellhouse…
E-commerce major Flipkart has set a target of doubling the gross merchandise value (GMV) of the products sold on its platform to USD8 billion by December this year, against the current USD4 billion, say company sources. The target was decided upon at a recent…
After four months, Korean travel retail Giant Shilla has completed its takeover and renovation of the duty free retail offer at Singapore’s Changi Airport. Shilla Singapore now boasts 182 brands across the three terminals – about 80 of which are available at…
Singapore’s newest eCommerce player SavingMart.sg believes it will complement existing online merchants. SavingMart.sg will offer value-conscious shoppers access to coupons and deals from the growing list of existing online businesses. “Whether the goal is to…
Rolex sales are soaring in Singapore, and other Asian cities as the Swiss franc’s value rises rapidly. Staff of Singapore’s highest profile luxury watch chain The Hour Glass told AFP sales of Swiss brands have risen markedly in recent days, especially of…
Singapore-listed Sheng Siong Group has signed a conditional joint-venture (JV) agreement with Kunming LuChen Group Co Ltd to operate supermarkets in China. Under the conditional agreement, the proposed JV company will be incorporated under the laws of China…
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