Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Marks & Spencer has opened the first standalone M&S Food store in Singapore. Located in One Raffles Place, the store features take-away hot food, ice cream and coffee, besides M&S-branded groceries. The store also features self-checkout machines, digital…
UBP hires a new chief operating officer for Singapore from a rival private bank in the city-state. Jérôme Thuillier joins UBP as its new Singapore COO, effective as of yesterday. Thuillier most recently with Bank of Singapore where he was a program director…
Singapore banks were among 32 primary-listed stocks conducting share buybacks over the five sessions ended 12 March 12, with a total consideration of S$169.6 million. DBS Group Holdings led the consideration tally, with 6.65 million shares bought back at an…
The first MCM Philippines store has opened its doors, at the giant Mall of Asia complex in Metro Manila. The German luxury leather accessories brand MCM Worldwide store is located inside the Luxe Duty-Free precinct in the mall. The MCM Philippines boutique…
Singaporean cashback startup Shopback has secured around US$30 million in investment from state fund Tamasek, alongside existing investors. According to a Business Times report, the deal takes Shopback’s total capital input to US$113 million since it was…
The move is part of the bank’s initiatives to create an inclusive workplace and follows moves to increase female representation in senior roles and narrow the wage gap between male and female staff. Citi Singapore is extending its paid paternity leave from…
United Overseas Bank and Prudential Singapore launched a financial solution for women in Singapore that combines a savings account with complementary medical insurance for six female-related cancers. United Overseas Bank (UOB) designed a solution for women…
Excluding motor vehicles, Singapore retail sales in January rose by 0.6 percent, but it will be another month until the effects of the growing coronavirus crisis on tourism and domestic consumer spending is evident. Including vehicles, Singapore retail sales…
Isetan’s Japan Food Town restaurants on the Singaporean department store’s fourth floor have been unexpectedly shuttered. A Straits Times report said Isetan filed a statement with the Singapore Exchange in late January, saying that notice had been served to…
The majority of Singaporean men spend at least 30 minutes of shopping online every day, according to a survey by Southeast Asian e-commerce platform Shopee. The Men’s Online Shopping Behaviour Survey 2020 has also found the target group of 2515 Singaporean…
Citibank Singapore’s head of retail banking Charles Wong is set to join the Grab-Singtel entity that is bidding for a digital full bank in Singapore. With strong credentials for bringing about a strong turnaround of Citi Singapore’s business, Charles Wong is…
Taiwanese bubble-tea chain Chun Fun How is preparing to launch a flagship store at the Esplanade in Singapore this month. The floral-themed store will offer takeaway drinks only in its new outlet – mostly premium fruit tea blends in attractively designed…
OCBC Bank has issued an electronic banker’s guarantee (eBG), making it the first lender to tap on Singapore Custom’s Electronic Guarantee Program. OCBC Bank became the first bank to leverage Singapore Customs’ electronic Banker’s Guarantee program launched on…
Malaysian convenience-store chain 99 Speedmart has opened three mini-market stores in Singapore. According to IGD, the 99 Speedmart stores in Singapore follow the same concept as Malaysia’s stores and range in size from 250 to 500sqm. They trade from 10am to…
Uniqlo Singapore is ditching its plastic shopping bags in favor of paper. The decision reflects a global move by the brand to become more environmentally friendly and reduce its reliance on single-use plastics. The new bags will retail at 10 cents each, with…
Retailers at Singapore’s Changi Airport will be granted half-cost rents for six months, backdated to February 1 due to the impact on passenger movements resulting from the coronavirus epidemic. The Changi Airport rents rebate will cover more than 540 retail,…
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