Singapore

Over 10,000 brands have enrolled in its Project Zero.

Its outlet and mall management segment saw lower fixed and variable rental income.

And here are the recent shifts in India’s spending habits.

As consumers expect retail omnipresence, traditional shops will evolve to offer services beyond retail.

Tourist arrivals are unlikely to grow in the coming months.

Department stores saw the largest drop in sales.

Around the world, major sale events like Singles’ Day, Black Friday, Cyber Monday and many others have delighted consumers and drove massive spending behaviour. Lured by the prospect of major savings on marquee brands, we have all at one point frantically clicked to add items to our online carts. In Asia Pacific, Singles’ Day in particular has reshaped the region’s eCommerce landscape and increased the prominence of online retailers. A major worldwide shopping festival turned cultural phenomenon, Singles’ Day and similar spinoffs (9.9 sale, 10.10 sale and 12.12 sale) have helped to catalyse the region’s shift towards eCommerce, luring consumers online with attractive promotions, steep discounts, and offers that are just too good to pass up.

The company saw elevated consumer demand in Q2.

Its health and beauty business suffered partly from lack of tourists in Hong Kong.

Retailers are still expected to continue developing their physical stores post-pandemic.

As we head into the second half of the year, it’s become apparent to Asia’s retail sector that recovery in spending to pre-COVID-19 levels will be slow and protracted. The initial rush to spend after months of lockdowns has dissipated. Many consumers have turned cautious and are tightening their wallets.

It will offer various deals across retail, F&B, attractions and hotels.

They will offer year-round and seasonal discounts.

The Asian retail market is beginning to see light again with the gradual reopening of the supply chain trade. Along with the recent commitment by APEC member economies to strengthen supply chains and promote the digital economy to fast-track recovery from the economic crisis, businesses need to adopt technology to reduce uncertainties and protect their employees and customers in the process.

This aims to provide greater flexibility to customers.

It will serve as a platform for FairPrice and its brands to put out announcements.