Retail
Retail sales headed for double-digit declines by end-Q1
Retail sales headed for double-digit declines by end-Q1
Sales might contract of 5% for the whole year.
Retail sales down 5.3% to $4.1b in January
Sales from motor vehicles saw the largest decline and crashed 33.6%.
Online grocery and food delivery demand ticks higher: report
Online orders skyrocketed 300% after Singapore raised its disease response level.
SPH REIT to provide assistance scheme for tenants
Tenants will be allowed to operate for shorter hours.
Starhill Global REIT implements COVID-19 measures for retail tenants
They will receive rental rebates and marketing assistance.
Face mask stocks nearly doubled in online stores
The inventory surged by 173% in early February.
CapitaLand's mall traffic in China rebounds despite closures
Shopper traffic recently rose to 40-50% of the pre-COVID-19-outbreak levels.
CapitaLand to release one-month security deposit for retailers
It aims to help ease tenants’ cash flows amidst COVID-19.
CapitaLand offers rental relief to COVID-19-affected retailers
This is on top of the $10m marketing assistance programme to retailers.
The Future of Holiday Retail is Blended Experiences
From Sasa to once-popular departmental stores such as Metro and Isetan, a number of retailers have left Singapore shores or announced plans to do so...
Retail tech unicorn Trax acquires European AI-based tech firm
Trax aims for mainstream adoption of real-time store monitoring.
CapitaLand launches $10m marketing assistance amidst outbreak
It will also implement flexibility to operate shorter store hours for retailers.
Grocery stores rush to steady supply as outbreak alert level rises
FairPrice has already imposed purchase limits to prevent customers from stockpiling.
Conscious consumerism, experiential selling are the top retail trends for 2020
Singaporeans are willing to pay premium prices for products that are more sustainable.
Prime retail rents stay flat in Q4 2019
Online platforms and slower sales dampened retail sales.
Daily Briefing: Businesses urged to make continuity plans over nCov spread; Deen Express ordered to explain price surge of masks
And US-based dating app The League enters Singapore. From Human Resources Online:
Coronavirus scare a boon for online grocery sales and telcos
Reduced outdoor time meant higher demand for online purchases and data streaming.
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