OUTLOOK 2025
·
SUBSCRIBERS
With consumer demand diverted overseas, Singapore retailers see another tough year ahead
High rents and manpower shortages also remain challenges
Published Fri, Jan 10, 2025 · 05:00 AM
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.
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.
Copyright SPH Media. All rights reserved.
