Singapore news

28 September 2021
Retailers globally are looking for ways to elevate their fresh food offer to help them differentiate and gain shopper loyalty. These initiatives need to deliver against three needs for the retailer; they need to be scalable to large store estates, cost effective, and have the shopper at the heart of their development. Fresh food will be elevated in the ‘Store of the Future’ Fresh is a key c...
24 September 2021
Food delivery platforms are piloting a common acquirer model to support hawkers so they will not need to pay commission or onboarding fees. What is it? Deliveroo, FoodPanda, Grab and WhyQ will be participating in this pilot covering 400 stalls across 14 hawker centres. Hawker centres are open-air food courts in Singapore that typically charge between SGD3.50 (US$2.60) to SGD5 per meal (US$3...
06 September 2021
COVID-19 has caused grocery retailers in Asia to scale up online business to compensate footfall decline in physical stores and enable shoppers to get items quickly, safely and conveniently. We at IGD have quantified growth opportunities, supported by five emerging trends. Growing at a CAGR of 20% between 2020 and 2022 Asia’s online grocery is growing fast. Total value in 2020 is around US$...
26 August 2021
We visited the CS Fresh Gold flagship store at Paragon, operated by DFI Retail Group, which reopened yesterday after a major revamp. It is part of a SGD40m (US$30m) rebranding exercise which will take place across all its 48 CS Fresh and Cold Storage stores by the end of 2022. CS Fresh Gold at Paragon Previously a Market Place outlet by the same retailer, the flagship store at Paragon is na...
04 August 2021
After a massive sales surge in 2020, leading retailers have been stepping up their refreshment efforts and testing new concepts this year. We look at the latest initiatives at FairPrice and Dairy Farm. FairPrice Finest Gourmet (Balmoral Plaza)   FairPrice Finest is the premium banner from the leading retailer. It has just launched a new format under Finest Gourmet this week. The store has a...
02 August 2021
Dairy Farm International has reported that its sales dropped by 4% in the first half of the year to US$ 14bn.  As last year’s strong consumer buying patterns normalised, the Group’s underlying profit has decreased by 69%, from US$ 105m in the prior year to US$ 32m for the first six months of 2021. Difficult to match sales surge in 2020, as shopper behaviour normalises It has been a challeng...
26 July 2021
FairPrice has opened a new convenience store size format. This is the retailer’s first small format store that is primarily focused on fresh produce. It is a pilot initiative and has a much smaller assortment than regular FairPrice supermarkets. Source: IGD Research Neighbourhood store with a small footprint Source: IGD Research The 100 sq m store is in a neighbourhood with ...
15 July 2021
The South Korean ecommerce company disclosed this week it is ready to start operations in Singapore. As a first step, it has completed the hiring of senior executives in the country. Testing the water for its Southeast Asia strategy The move is seen as Coupang’s intention to use Singapore to test its Southeast Asia growth strategy. Although Singapore is small in size, with only six million ...
12 July 2021
Celebrate 7-Eleven day with special discounts for the whole month of July in Singapore. First promotional period kicks off on 10-12 July The retailer is providing a SGD1.10 (US$0.80)off storewide with a minimum spend of SGD7 (US$5.20) for the first three days. It is unusual for the retailer to provide a storewide discount. Shoppers can also receive a free treat of Mr. Softee Matcha ice crea...
12 July 2021
FairPrice Group (FPG) Media is working with Stellar Ace to bring a suite of omnichannel media solutions to advertisers. A connected digital network FairPrice Group is Singapore’s largest chain of grocery retailer, while Stellar Ace is the out-of-home advertising network of Singapore’s SMRT transit provider. The full suite of assets will include thousands of digital screens across supermarke...