The Business Times
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OUTLOOK 2025

With consumer demand diverted overseas, Singapore retailers see another tough year ahead

High rents and manpower shortages also remain challenges

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Sharon See

Sharon See

Published Fri, Jan 10, 2025 · 05:00 AM
    • With the majority of Singaporeans exhibiting hybrid shopping behaviour, retailers with robust omnichannel sales strategies are seen as having more chance of success.
    • With the majority of Singaporeans exhibiting hybrid shopping behaviour, retailers with robust omnichannel sales strategies are seen as having more chance of success. PHOTO: BT FILE

    SINGAPORE retailers expect another tough year as consumer demand may be dampened or diverted in 2025.

    Analysts expect the retail industry to grow only modestly – and that is barring any major adverse events.

    One reason is that consumer sentiment may weaken amid greater geopolitical and economic uncertainties, not least as US president-elect Donald Trump takes office on Jan 20.

    Outlook 2025

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