With consumer demand diverted overseas, Singapore retailers see another tough year ahead
High rents and manpower shortages also remain challenges
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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.
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