retail sales

US retail sales unexpectedly unchanged in October

Lower- and middle-income households are disproportionately impacted by the soaring cost of living

Excluding motor vehicles, retail sales grew 3.7% in October, picking up from September’s revised 1.8% expansion.

Singapore retail sales growth picks up to 4.5% in October

Most retail categories record higher sales, led by watches and jewellery, as well as recreational goods

Sales had accelerated in prior months, in part as consumers rushed to buy battery-powered electric motor vehicles before the expiration of EV tax credits at the end of September.

US retail sales miss expectations in September

Retail sales rose 0.2% after an unrevised 0.6% gain in August

Singapore’s year-end shopping season is no longer just about discounts or inventory. It’s about delivering low-latency, secure and seamless experiences at scale.
THE BROAD VIEW

Why retail success hinges on more than bargains

With billions in holiday spending on the line, seconds of downtime or a data breach can spell disaster

A delivery worker sorts out packages in Shanghai during the annual Singles' Day shopping festival.

China’s Singles’ Day shopping festival winds down with ‘muted’ sentiment, sales expectations

Consumer malaise in China has made it harder than ever to get people to open their wallets

Sales in supermarkets and hypermarkets were up 5.1% year on year in September.

Singapore retail sales growth in September eases to 2.8%

Excluding motor vehicles, retail sales increase by 2%

More shoppers are seeking out "quiet" or experiential luxury rather than the status that comes with owning designer goods.
BRUNCH

Can Singapore stay at the forefront of the global luxury market?

Despite a worldwide slowdown, the rise of quiet and experiential luxury is working in the Republic’s favour

Pop Mart has also captured grown-ups – fashionistas playfully pairing Labubus with their designer handbags and working mothers gifting to appease their overworked school children.

Sorry, Pop Mart, Labubu is just not Lego or Pokemon

The continued reliance on scarcity to sell its products could turn consumers off

International brands such as tea shop Chagee continue to occupy high-footfall locations frequented by locals and tourists.

Well-capitalised chains holding up Singapore retail occupancy, rents, as challenges open duality in market

Retail success said to hinge on differentiation as brands vie to stand out amid rising costs and competition