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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

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

    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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    Outlook 2025

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