New Market Study, "Retailing in Singapore", Has Been Published
Singapore's economy is growing positively but still at a low, single-digit growth rate. In addition, tourist spending is more cautious as the Singapore dollar remains strong in 2013 compared to neighbouring countries' currencies. The impact has extended to the local market, leading to uncertainties among consumers and a slowdown in spending. Among store-based retailers, growth was mainly driven by variety stores, such as Daiso, which saw double-digit growth. As the economy remains ambiguous,...
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