Retail
Home furnishing demand in Singapore doubled in February-March
Home furnishing demand in Singapore doubled in February-March
Work from home arrangements fuelled growth in the sector.
Retail sales slump eased in March
Recovery is expected to continue but is inconsistent and could deviate until April.
Chart of the Day: Online grocery sales hit over $600m in February
It is tipped to steadily rise as most Singaporeans are encouraged to stay home.
ESG, ecommerce giants roll out Singapore E-Commerce Programme
The initiative will provide 90% support to retailers in domestic markets.
Food demand to shift to groceries, residential outlets and online delivery platforms
Outlets dedicated to dine-in customers will face challenges.
Enterprise Singapore to assist F&B sector with delivery orders
F&B outlets will no longer be allowed to provide dine-in services.
Retail sales dropped 8.6% to $3.1b in February
Industries selling discretionary items were affected by a decline in tourist arrivals.
NTUC FairPrice temporarily closes Bedok Mall store
Staff were put on leave after one of the employees was diagnosed with COVID-19.
Landlords urged to limit retail rents by turnover
This hopes to avoid permanent store closures as the pandemic hit stores’ sales.
UOBAM launches Singapore's first bond fund for retail investors
Underlying Fund focused on impact investing and stable income for investors.
Not all-gloomy: retail sales shift to supermarkets
Sheng Shiong’s and Dairy Farm’s earnings would likely grow by around 3%.
Lazada, Shopee are the two most used e-commerce apps in Southeast Asia
It was the top app in Malaysia, Thailand and the Philippines.
Sasseur REIT reopens Chongqing and Bishan outlet malls
Its China malls were temporarily shuttered seven weeks ago due to the outbreak.
Chart of the Day: Gen Z prefers physical stores despite being big online spenders
Gen Z view physical stores as more trustworthy than online sales.
Chart of the Day: Mall carpark vacancies subside weeks after DORSCON row
The worst may be over for retailers and retail REITs.
Virus crisis to hit Dairy Farm's North Asia earnings
Restaurant earnings fell 30% during the SARS outbreak in 2003.
Dairy Farm's 2019 profits skyrocketed 281.84% to $448.53m
Total sales, supported by its investment in Robinsons Retail, climbed 26%.
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