Singapore retail market shown the lowest level of growth in this century
The retail market size of Singapore in 2016 without motor vehicle and fuel sales was valued at SGD36,862 million. Year-on-year growth drop substantially, the lowest level ever in Singapore’s retail market history since year 2000…
Retail market’s profitability remain sluggish amid a faint upward crawl
Profit ratio of the total retail industry has been at a consistent level of above 5 percent since year 2000. It peaked in 2011 at 6.5 percent but thereafter, continued on a downward spiral. Declining to 4.7 percent in 2014, dropped further to…
Channels with negative growth on the rise
In the past 5 years from 2012‐2016, 4 out of 12 major retail channels in Singapore experienced negative growth or contraction in market size. Another 5 channels grew at a slower pace than the country’s GDP growth…
Higher e‐commerce ratio in Singapore and expected to accelerate
The Singapore government released a first-of-its-kind information on e‐commerce performance of the country in January 2018. It revealed a ratio of 4.1 percent of the total retail market which include motor vehicle and fuel sales…
Inclination towards digitalization, a commitment shared by Singapore’s government and private sector
The recent years’ retail industry performance was less than favourable in contributing towards the country’s GDP growth. The influx of international tourist arrivals to Singapore in 2017 was 4.4 times more than the resident population…