Retail
Retail sales growth moderates to 11.2% YoY in September
In August, retail sales grew 13.3% YoY.
CHART OF THE DAY: More than 2 in 10 services firms upbeat about business outlook
Only 14% of services firms are expecting worsening business conditions.
Frasers Centrepoint Trust reports DPU of 6.0911 cents for H2
Net income rose to $128.12m during the second half of its fiscal year.
Themed lifestyle stores gain ground in malls
Such stores include Daiso, Don Don Donki, Decathlon, and Muji.
Largest Coty digital store in Southeast Asia opens
The beauty company has launched the Hugo BOSS Fragrances on LazMall Prestige.
IKEA revenue in Singapore grows 6.5% YoY to $392m in FY2022
Workspaces and Bedroom furniture were the top earning categories.
How getting personal can help brands win customers
Two-thirds of consumers think negatively of brands that use stereotypes to engage them.
How brand conscious are shoppers? Majority says they stick to brands they like
Two in 10 consumers are brand followers.
SPH REIT’s NPI rises 3.5% YoY to $209.7m in 12M FY22
Given the increase, the REIT declared a 2.2% YoY higher distribution per unit of $0.052.
Upcoming major events to drive up retail sales: UOB
The analyst expects retail sales post full-year growth of 8.5%.
Retail sales growth moderates to 13.0% YoY in August
In July, retail sales grew 13.9% YoY.
38% of consumers will spend 20% more on brands that offer conversational messaging
Amongst messaging apps, Singaporeans prefer Whatsapp to engage with brands.
Consumer price index up 7.5% in August
Transport prices were over 20% higher than a year ago.
Chart of the day: 1 in 6 says celebrity endorsements influences their purchases
36% said they are on the fence when it comes to celebrity endorsement.
Chart of the day: Singaporeans shop at double the online platforms than last year
However, offline channel purchases are slowly growing.
Chart of the day: 1 in 6 most likely to consume works of controversial celebs
Younger consumers are most likely to be intrigued by controversial celebs.
Singaporeans need to save 7.6 days’ of salary to afford the iPhone 14 Pro
Globally, the Swiss are the most able to afford the iPhone.
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