Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Crate & Barrel Singapore will close its flagship store at Orchard Gateway. The 25,000sqft five-story outlet has operated at the location for five years, but will close on November 10. That will leave the US home furnishing brand with just one store, at Ion…
Singapore’s three local banks are likely to experience margin squeeze in the third quarter as the Singapore Inter-bank Offered Rate heads south, following in the footsteps of Federal Reserve’s rate movement. Analysts are also watching non-performing loan…
Singapore retail rents increased in the third quarter of this year, according to Urban Redevelopment Authority. Figures published by The Straits Times show the rental rates increased by 2.3 percent, overturning a fall of 1.5 percent during the previous…
After amassing more than 8 million customers, the tech unicorn has landed in Singapore, its second market outside Europe. After much anticipation, U.K. challenger bank Revolut has rolled out its services in Singapore. Customers can now open an account from…
Bubble tea chain The Whale has opened its first outlet in Singapore. The Nanjing-based brand opened the first franchise in the territory in a basement takeaway kiosk at Lot One Mall in Choa Chu Kang. It is known for its unusual blends, including the Brown…
Swedish outdoor apparel brand Fjällräven has launched in Singapore and Malaysia. The 59-year-old brand, whose name translates into ‘the arctic fox’ is known for its collections of high-end clothing and equipment which focus on timeless design and…
OCBC became the first Singapore bank to join Singtel’s VIA mobile payment alliance, boosting the mobile operator’s regional payment network. Thailand’s Kasikornbank has also joined the alliance earlier. By the first quarter of 2020, OCBC Bank customers will…
Italian shoe brand Geox has opened an X Store concept in Singapore with a new outlet in Paragon, Singapore. The concept fuses various design elements under one roof designed to convey Italian quality, contemporary design, sustainability and digital…
The Singapore-based firm offering end-to-end issuance, custody, and trading of digitized securities, has hired a banking and investment industry veteran as its first chief commercial officer. Singapore-based capital markets platform iSTOX has hired Choo Oi…
CIMB Bank’s Singapore Branch and iTrust have launched Singapore’s First Blockchain Trade Financing Platform, and successfully completed their first structured trade financing transaction on the platform. The milestone transaction involves the financing of…
With growing economic headwinds and weak retail sales, islandwide Singapore retail-rental rates are projected to remain subdued, according to real estate company Edmund Tie. The company is projecting mixed fortunes across the city, ranging from a 2-per-cent…
Southeast Asian digital merchant-platform Fave has launched a food takeaway service in Singapore. Fave Takeaway will allow customers to pre-order their meal selection and make payment via the app’s digital wallet FavePay before picking up their order at…
Investment in financial technology ventures in Singapore rose sharply in the first nine months of 2019, led by fundraising with payments startups and insurtech firms and a shift toward more-mature companies. The total value of financial technology (fintech)…
Timepiece brand Vacheron Constantin is reopening its Singapore boutique at Ion Orchard, debuting its new retail concept. The boutique’s revamped interior is designed to convey modern elegance and a refined aesthetic, featuring new design codes accented by…
Singapore retail sales eased down by 1 percent year on year in August, after excluding motor vehicle sales. A 20.3-per-cent fall in the value of motor vehicles sold during the month caused the topline figure to decline by 4.1 percent. However, month on month,…
A recent survey has shown that around 75 percent of Singaporeans purchase overseas products at least once a month. According to Southeast Asian and Taiwanese e-commerce platform Shopee’s Global Deals Survey 2019, which polled more than 4000 Singaporeans about…
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