Retail
Is the worst over for embattled Singapore retail REITs?
Is the worst over for embattled Singapore retail REITs?
Rents have been in a protracted three-year slump but analysts foresee a mild recovery in the coming months.
Sheng Siong H1 profits jumped 6.3% to $17.15m
It opened 2 new stores in Bukit Batok and Yishun.
CapitaLand Retail China Trust Q2 NPI dropped 5.9% to $37.62m
It blamed the divestment of CapitaMall Anzhen and CapitaMall Grand Canyon’s low contributions.
Singaporeans embrace e-marketplaces amidst explosive mobile usage
They are amongst APAC’s biggest patrons of food delivery and ride-sharing platforms.
CapitaLand Mall Trust's revenue rose 1.7% to $346.5m in H1
Its NPI grew 3.7% to $246.4m in the first half of the year.
Coca-Cola Zero tops best-selling items in Singapore's first Amazon Prime Day
New sign-ups also grew more than any other single day since Prime’s launch.
Chart of the Day: 2.5 million sqft of retail space to be developed until 2019
The new spaces are poised to benefit from recovering demand and rents.
SGX RegCo reprimands Dapai International over fake sales
The company faked the opening and expenses of 500 retail stores in China.
Singapore retail sales in May inched up 0.1% to $3.8b
Sales in the furniture & household equipment industry led growth at 9.1%.
HDB to tender shop locations through price-quality method
Quality of tender will be prioritised over price offerings.
Grab's venture into grocery delivery market can change Singapore's retail scene
Some analysts see traditional grocers building a strategic alliance with Grab whilst some see an eventual tail-wagging-dog syndrome, whereby the...
Grab launches grocery delivery service
It will kick off in Indonesia in July, followed by Thailand and Malaysia by late 2018.
Sheng Siong could open more than 6 stores in 2018
If its bids for 2 stores in Bukit Batok and Sumang Lane win, its store count could grow to more than 50.
Global trade tensions unlikely to hit Sheng Siong: analyst
Its exposure is nearly limited to only Singapore, rendering it unaffected by global trade spats.
Ex-Apple reseller in Singapore to buy hotel-retail business for $400m
The buy is expected to result in its reverse takeover of 2 companies.
Epicentre sold Apple reseller stores in Singapore for $516,275
It was forced to exit the business due to competition from the Orchard retail store.
Setting up a bustling e-commerce marketplace shop in Singapore
China’s e-commerce giant Alibaba ran its first global course in Singapore earlier this year. A highly anticipated event on the retail calendar, more...
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