The SME Magazine (November/December 2017)

TOP STORY

Surviving the brave new world of retail

The doomsday declaration of the demise of retail in Singapore is perhaps more alarmist than reality as industry watchers say that far from dying, retail is simply transforming.

NOW, firmly in the last quarter of the year, it is possibly time to reflect on all that has transpired in the past year.

EDITOR'S LETTER

NOW, firmly in the last quarter of the year, it is possibly time to reflect on all that has transpired in the past year.

TOWKAYS

Pek Lay Peng, founder of SocietyA and director of Shingda Group, is a steely woman who cut her teeth in the male-dominated construction industry before taking on the competitive world of retail.

BUDDING ENTREPRENEURS

Zilingo has presented small businesses in South-east Asia with the opportunity to go global; and for consumers, the ability to get products from overseas to your doorstep.

SME OUTLOOK

This year has been a mixed bag for small and mediumsized enterprises (SMEs) in Singapore; the economy seems to be on a steady upward trend, but challenges still abound for businesses.

SME OUTLOOK: JULIAN TAN HEART SPECIALIST CLINIC

AS A BOY, Julian Tan was inspired to a career in medicine after he watched his paediatrician father go to the hospital at odd hours in the night to help sick children. He also binge-watched medical documentaries on television, becoming fascinated with the heart and its inner workings.

SME OUTLOOK: SMILE INC DENTAL SURGEONS

LIKE MANY other small and medium enterprises, dental chain Smile Inc faces multiple challenges in the form of high rental costs, shortage of skilled manpower and strong competition in Singapore.

SME OUTLOOK: EPICENTRE HOLDINGS

KENNETH LIM took over EpiCentre Holdings last October, determined to breathe new life into a company that had fallen on hard times. The company at the time was focused on reselling Apple products, and realised the need to diversify.

SME OUTLOOK: DESMOND JASON ACADEMY

DESMOND NG and Jason Chan are fengshui masters, whose understanding of their field goes way beyond the ancient divination classic I Ching and other writings on Chinese astrology and date selection.

LEGAL ADVISER

EMPLOYMENT law issues, if handled wrongly or poorly, may cause a business and its owners to suffer a range of unpleasant consequences - from crippling law suits to investigations and sanctions from the authorities

SMART CAPITAL

"CLOSER and further” is what Anthony Poh, managing director of Chee Fatt Co Pte Ltd, wants to achieve with his clients.

CUTTING EDGE

Retail therapy has an uplifting power - and the bosses behind Weekends and Simply Toys share their thinking on how you may perhaps be able to buy happiness after all.

SPACE

Solid strategies are required to navigate this new era of retail, given that the challenges and volatility facing retailers are far from over.

SPACE

A list of asking rents for office and industrial spaces, and sales caveats.

LIFESTYLE

Instead of cramming all their major new launches for the year at industry mega exhibitions, many of the brands owned by Richemont and Swatch are spreading out their 2017 releases.