Singapore Retail Report - Business Monitor International - Industry Reports

Singapore Retail Report

Singapore Retail Report - Business Monitor International - Industry Reports
Singapore Retail Report
Published Aug 06, 2016
62 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

� Household spending on essentials will decline from an estimated --.- in ---- to --.- in ----. The largest category within the essentials - housing and utilities - will continue to dominate the segment, representing nearly half of the total essentials spending by ----. ...� Household spending on essentials will decline from an estimated --.- in ---- to --.- in ----. The largest category within the essentials - housing and utilities - will continue to dominate the segment, representing nearly half of the total essentials spending by ----. � We forecast total household spending (in USD terms) to rise by an annual average of -.- over the next five years, reaching a total figure of USD---.-bn. Driven by ageing population, health spending will register the strongest growth rate, averaging -.- per annum during ---------. According to media reports in late March ----, UAE-based retail conglomerate Al-Futtaim Group plans to shut-down -- out of its --- stores in Singapore due to poor consumer sentiment in the country.

...Small and ageing population limits growth prospects for retailers. The government has yet to improve the situation for the less well off in Singapore, with a rising wage gap between the top earners and the lowest paid. ...Small and ageing population limits growth prospects for retailers. The government has yet to improve the situation for the less well off in Singapore, with a rising wage gap between the top earners and the lowest paid. Competition from low-cost neighbouring countries is on the rise. ...The key --- to ---year-old demographic segment is rapidly shrinking. Singapore is facing an economic slowdown, which is denting consumer confidence and weighing on sales in the retail sector.

...Singapore has low levels of unemployment and more potential consumers to cater to. It has a relatively low sales tax rate, which allows retailers to offer competitive prices compared to other markets. ...

  
Source:
Document ID
2040-9141
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Singapore Retail Report" Aug 06, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Singapore-Retail-Report-2026-1041>
  
APA:
Business Monitor International - Industry Reports. (2016). Singapore Retail Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Singapore-Retail-Report-2026-1041>
  
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