Time is of the essence for Sheng Siong as it cultivates online initiatives

Online sales are currently in their infancy.

Staying put is a gigantic blunder for any business, especially in this fast-paced, technologically advanced present. With a better-than-expected showing by the retail company, it can’t afford to be complacent as its online initiatives remain a gold mine to be tapped.

According to analysts from DBS, instead of playing catch-up, Sheng Siong could bide its time for a short while as online sales are still in its infancy in Singapore.

“Developments in China continue to be on securing suitable sites in Kunming. As the grocery retail scene in China is facing intensifying competition, especially from online channels, we also believe time is on Sheng Siong’s side to land the ideal location,” DBS says.

Meanwhile, Sheng Siong is also appearing to inch closer to its target of 50 stores in Singapore as it is projected to have a total of 39 by year-end.

“We see margins normalising going into 4Q15. Input prices for fresh food should ease as logistical disruption and the haze clears up and pricing should be less aggressive post SG50 and seventh month promotions,” DBS added.

Also Read

Changi Airports and Hainan Meilan form JV for non-aero services

F&B brands remain key drivers of retail leasing in Q3

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit