Retail
Retail sales fall 9.4% MoM in January
Retail sales fall 9.4% MoM in January
The January record is a reversal from the 7.7% increase in December.
Retail sales momentum to decelerate into 1H23
RHB expects full-year retail growth to clock in at 6.0%.
DFI Retail Group posts 72% decline in underlying profit in ‘challenging’ 2022
The underlying profit fell to $39m (US$29m) in fiscal year 2022.
Dairy Farm’s recovery may rely on China economic revival
The retail firm, however, will be hit by inflationary pressures.
CHART OF THE DAY: Only 38% of Singaporeans prefer buying online vs in-store shopping
Online-first buyers in Singapore are likely to try new brands.
Changi Airport’s retail sales hit $1.1b in 2022
The figure represents 37% of sales in 2019.
Retail units in Royal Square on sale: Savills
The sale will be closed on 24 March 2023.
6 in 10 internet users but something online each week: survey
Over a quarter of Singaporeans purchase online via mobile phone.
Full-year outlook for retail improves due to China reopening
The revival will boost the travel and tourism sector in Singapore.
Retail sales growth expands to 7.4% YoY in December
In November, retail sales grew 6.5% YoY.
Growth in retail assets seen for Singapore as sales performance improve
Sales growth is expected for 70% of retailers due to China reopening.
Top 3 cross-border destinations retailers eye for expansion
Hong Kong and Singapore are tied for second place.
Chart of the Day: Grab food delivery outperformed ASEAN peers in GMW growth
It sustained growth consecutively in the past three years.
Teo, WTO director-general seek growth, inclusiveness of digital economy
The joint statement on e-commerce sets rules on the global digital economy.
Prime retail rents to extend growth in 2023
Rents grew 0.6% QoQ in Q4.
Chart of the Day: Younger consumers prioritise data privacy when buying electronics
Design is also a major factor when buying electronics.
WTO wants to seal negotiations on e-commerce rules in 2023
This was tackled on the sidelines of the World Economic Forum.
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