Singapore news

24 September 2020
Giant, a chain of hypermarkets and supermarkets operated by Dairy Farm, has refreshed all its 53 stores with better lighting, easier navigation and new departments to offer better value to shoppers. This follows the retailer’s commitment to keep prices low for 650 products for at least 6 months. Better value and more stable prices Giant hypermarket is investing SGD17m (US$12.3m) to reduce t...
24 August 2020
The new Eccellente is opened in Marina Square, a centrally located mall, on 8 th August 2020. We were impressed with its range of international products, unique local offerings and including Hardware City as a shop-in-shop. Great location within the mall The store is located on level 2 of Marina Square in a highly visible space near the escalators. The distinctive orange ceiling creates ch...
12 August 2020
For the first time, ASEAN Day will include the launch of the inaugural ASEAN Online Sale Day on 8 August. An initiative for retailers to showcase their products The new initiative is supported by many retailers across the Southeast Asian markets. It is a way to encourage retailers to embrace digitalisation to reach more consumers and access new markets. Source:...
03 August 2020
Sheng Siong, a supermarket chain with 60 stores in Singapore, reports SGD418.7m (US$304.4m) revenue increase for Q2, driven mainly by elevated demand due to COVID-19. Its net profits also increased 150.7% to SGD46.2m (US$33.6m) for Q2. Lockdown measures increased home cooking Shoppers were stocking up on essentials at home due to concerns on disruption to supply chains. Due to the lockdown ...
30 July 2020
Dairy Farm has released its H1 results for the six months ended 30 June. Consolidated sales including 100% of associates and joint venture increased 6% to US$14,547m, but subsidiary sales fell 9% to US$5,240m. Overall performance mixed Sales by the Group’s subsidiaries fell mainly due to the annualised impact of the stores closures in 2019 under the Group’s space optimisation plan in Southe...
17 July 2020
A.S. Watson is introducing Watsons GO contactless payment system in Watsons stores in Hong Kong and Singapore. Digital initiatives accelerated by COVID-19 Watsons GO was recently launched in Hong Kong, allowing customers to scan the bar code of a product with the Watsons mobile app and pay for it directly through Alipay HK. Watsons GO payment system was originally scheduled for release at t...
09 July 2020
COVID-19 pandemic has generated a surge in demand for online grocery shopping around the world. In Singapore, shoppers could not get delivery slots across the major grocery retailers in the initial phase of the pandemic, resulting in a lot of frustration. The situation has improved significantly in the last couple of months. We round up the key initiatives of major retailers to meet online shoppi...
29 June 2020
Alibaba Group has named Chun Li as Group Chief Executive Officer of Lazada, effective from 1 st July 2020. An experienced leader Li joined Alibaba as chief technology officer for the company’s B2B division in 2014 and moved to Lazada in 2017. He has since served as both group president and CEO of Lazada Indonesia. Li held leadership positions at Paypal and eBay prior to joining Alibaba. “...
24 June 2020
NTUC FairPrice will continue to provide 100 private label products at discounted prices as part of its SGD50m (US$36m) package to alleviate living costs due to the COVID-19 pandemic. Six months extension from previous price freeze The price freeze was first launched in March 2019 and supposed to end on 30 June this year, however the retailer will extend it until 31 December. The products in...
23 June 2020
Grab Holdings, a Singapore-based ride-hailing company, is expanding its delivery services from convenience stores and supermarkets across 50 cities in the region. Expansion accelerated in the pandemic The company has teamed up with 3,000 stores as it accelerates delivery of groceries, toilet paper, packaged snacks and beverages to the community during the COVID-19 pandemic. Grab provided th...