The Business Times
business-time-50
SUBSCRIBERS

Online shopping may plateau in short term; growth to lag physical retail sales

google-preferred-sourceAdd BT as a preferred source
Sharon See

Sharon See

Published Fri, May 13, 2022 · 05:50 AM
    • Online shopping could plateau in the months ahead as Singapore's borders reopen and measures ease, allowing more shoppers to return to physical stores.
    • Online shopping could plateau in the months ahead as Singapore's borders reopen and measures ease, allowing more shoppers to return to physical stores. PHOTO: Lianhe Zaobao

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    ONLINE shopping, which enjoyed a boom during the Covid-19 pandemic, could plateau in the months ahead, said watchers, as Singapore's borders reopen and measures ease, allowing more shoppers to return to physical stores.

    Online retail made up nearly a quarter of all sales in May 2020, according to the Department of Statistics, when the Republic was in the midst of an 8-week “circuit breaker” that saw the closure of non-essential businesses from early April 2020 to stem the spread of Covid-19.

    That proportion has fallen since and is now mostly hovering somewhere between 10 and 15 per cent, although there has also been a gradual upward trend.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Singapore retailRetailE-commerceDigitalisation

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More