Singapore

Luxury goods sales growth bottoms out, profit margins resilient under pressure

THE world’s 100 largest luxury goods companies generated sales of US$217 billion in FY2016 and the average luxury goods annual sales for a Top 100 company is now US$2.2 billion, according to the fifth annual Global Powers of Luxury Goods report by Deloitte.

Luxury goods sales growth bottoms out, profit margins resilient under pressure

THE world’s 100 largest luxury goods companies generated sales of US$217 billion in FY2016 and the average luxury goods annual sales for a Top 100 company is now US$2.2 billion, according to the fifth annual Global Powers of Luxury Goods report by Deloitte.

Selling a waste-free lifestyle

Is it possible to run a retail store that does not produce any trash? Muneerah Bee finds out from Florence Tay, co-founder of UnPackt, the first zero-waste bulk store in Singapore which opened recently offering food and daily lifestyle products without unnecessary packaging.

From online to on the road

Digital transformation has left a positive impact on e-commerce today and it is also increasingly playing a bigger role in delivering the purchases. Muneerah Bee checks in with Joseph Ng, CEO of Skyfy Technology, to get more insights into what retailers should be aware of when it comes to logistics for e-commerce.Logistics is often considered the biggest bottleneck to e-commerce growth in Southeast Asia and no retailer would want to lose a customer because of a shipping delay that was out of the company’s control.

Top reasons to embrace shops that pop

With the explosion of pop-up retail spaces and events, it certainly seems like this temporary format, sometimes referred to as flash retailing, is now a permanent element of the retail industry. Muneerah Bee finds out more from Adrian Chan, co-founder of retail space rental agency PopUp Angels.What is the appeal of visiting a pop-up retail store?  Adrian Chan: Pop-up stores are most appealing when they deliver an experience that consumers cannot get elsewhere. It is common nowadays to see the same stores and brands across shopping malls wherever you go. Consumers are therefore drawn to stores that offer products and experiences that are different from the usual chain stores.

Amazon announces Prime Day 2018 in Singapore

 For the first time ever, Amazon’s "highly-anticipated" annual shopping event, Prime Day will be available for Singapore Prime members.

Shopee partners with SIRS to make e-commerce more accessible

 E-commerce platform Shopee has partnered with Nanyang Polytechnic’s Singapore Institute of Retail Studies (SIRS), to offer full-day e-commerce workshops.

Chameleon Cold-Brew launches multifaceted sustainability programme

 American coffee company Chameleon Cold-Brew announced recently the debut of its sustainability programme, which in its inaugural year will establish five community-driven projects in four countries to empower farmers with the technical assistance and resources to improve the quality of organically produced coffee and their livelihoods as well.

Bank of China, Qoo10 launch co-brand Mastercard credit card for online shoppers

 Bank of China Singapore Branch (BOCSG) has launched a co-brand Mastercard credit card with online retailer Qoo10. The new card, which caters to working adults and students, aims to bring greater value to online shoppers and drive e-commerce growth in the region.

Lacoste celebrates anniversary with interactive exhibition

 French clothing company Lacoste is creating an exclusive experience at Raffles City Shopping Centre in Singapore to celebrate its 85th anniversary.