Singapore news

20 April 2020
Seah Kian Peng, Group CEO of NTUC FairPrice, believes that the retail landscape will shift after the pandemic. The retailer has made more online delivery slots available due to a surge in demand but believes physical stores will be mainstay after the crisis. Online demand reaching new levels The surge in online demand has prompted FairPrice to invest heavily in the last two months. It upgra...
16 April 2020
Beauty-products retailer, Sa Sa International, has posted its Q4 results. Group turnover fell 56.5% to HKD892.4m (US$115.1m). Multiples factors impacting turnover The significant decline in Group turnover was partly due to the closure of Sa Sa’s Singapore business. Sales to mainlanders in Hong Kong and Macau fell 80.8%, as consumer sentiment and travel restrictions following Coronavirus (CO...
25 March 2020
FairPrice and Cold Storage in Singapore are setting up priority shopping hours for vulnerable groups to boost social distancing measures. First hour every Monday at all FairPrice stores The retailer has recently launched safe distancing measures, like floor markings at checkouts, to manage queues. It has also put a stop to food sampling activities for now too. It has also announced a Priori...
18 March 2020
Marks & Spencer has opened its first standalone food hall at One Raffles Place in Singapore’s business centre. The 222 sq. m. store is right by a busy train station and highly visible from the street.  It is filled with a wide range of hot food-to-go, pastries, chilled food-for-later, dairy products and fresh produce. First hot food counter in the region The store has been opened for a...
05 March 2020
Dairy Farm has reported a mixed set of results for the fiscal year ended 31 st December 2019. Performance of its Southeast Asia Grocery Retail and Health and Beauty businesses improved, but underlying profit for the Group was impacted by social unrest in Hong Kong. Sales growth from 4 out of 5 divisions, but 2019 sales down 4.7% Dairy Farm’s sales in 2019 fell 4.7% to US$11.1bn year-on-yea...
26 February 2020
After exiting Singapore towards the end of last year, Sa Sa International has relaunched via a partnership with ecommerce platform Shopee. Sasa trading via Shopee Sasa no longer operates bricks-and-mortar stores. The new strategic partnership has enabled Sasa to open an official store on Shopee. A range of products will be discounted through to March 1 as part of Shopee’s Brands Festival....
25 February 2020
The Malaysia-based chain has opened three stores in Singapore. Neighbourhood minimarket format In Malaysia, 99 Speedmart has over 1,500 stores across the country. It operates a chain of neighbourhood convenience stores that range from 250 to 500 sq m in size. The retailer’s success is driven by low prices, carrying a narrow range of top selling brands and great store visibility. A quick loo...
10 February 2020
Singapore raised its Disease Outbreak Response System Condition (DORSCON) level to Orange status on Friday (7 th Feb) as the coronavirus spread within the community. Following the announcement, shoppers rushed to stock up on essentials, resulting in empty shelves and long queues at grocery stores across the island. FairPrice ramps up distribution of essentials Demand for daily essentials l...
07 February 2020
Dairy Farm will have separate leaders for food and health & beauty division in Southeast Asia. Separate pillars for food and health & beauty Sam Kim joined Dairy Farm as Chief Executive Officer for Southeast Asia in April 2018. He had been appointed Chief Executive Officer for Health & Beauty and Chief Marketing & Business Development Officer in September 2019. Chris Bush had been appointed...
20 January 2020
7-Eleven’s new initiative serves migrant workers in Singapore who wants to send money home using cash. Serving unbanked customers Customers can initiate a remittance transaction using the Pay2Home mobile app which will generate a QR-code bill for cash payment at any 7-Eleven in Singapore. "We are excited to be partnering with Pay2Home as 7-Eleven continues its journey to expand on our serv...