Current Situation News of the adverse effect of the novel coronavirus (COVID-19) outbreak on Singapore retailers has been hitting the front pages of dailies and social media feeds. The retail sector has just experienced its worst year since 2013, with more challenges to come as the full impact from COVID-19 unfolds. In December 2019, retail… Continue reading 5 Strategies that Retailers can Adopt to Survive the COVID-19 Storm
Brick-and-mortar retail stores are starting to make a shift into digital. This has got retailers wondering whether the future of retail lies online. It is true that the world is propelling towards digitisation. Yet, in the world of retail, there are still many reasons to believe that physical retail stores are not leaving the scene… Continue reading 3 Ways Retail Store Owners Can Win, Despite E commerce
Every year, thousands of tourist flock to Singapore for the year-end holidays. It’s the time of the year when Orchard Road, the country’s premier lifestyle and shopping destination will transform into a magical wonderland. Shopping malls bedecked with flickering fairy lights, twinkling trees and elaborate decorations, street performances and festive bazaars galore, with all of… Continue reading How Singapore’s Tourism Board Drives Retail Every Year
The team from SKALE attended the Facebook Retail Summit in Singapore this week. Attended by some of Singapore’s top marketers, retail brands and advertising agencies, the summit was geared to demonstrating how Facebook can help businesses increase offline sales and the various marketing solutions provided by the social media giant. The retail summit was moderated… Continue reading Facebook Retail Summit: How Retailers Can Win in the Mobile Era
Earlier in January, Free Malaysia Today reported that 27 new malls would be popping up around Kuala Lumpur by 2028. With retail occupancy being at an all time low, Malaysians were baffled by the news. The Klang Valley, which constitutes Putrajaya and Selangor, exhibits 59 million sq ft of mall space, a figure equivalent to… Continue reading Why Empty Units Have Become A Common Sight in Malaysian Malls
How do you gain a loyal customer? To be honest, there isn’t really a perfect formula for that. Even bigger companies constantly study how the market ticks to be able to consistently work on building brand loyalty. It takes a lot of work but once achieved, it could mean growth for your business. So, we… Continue reading 4 Ways To Build Brand Loyalty For Your Filipino Retail Business
You store could be selling products customers want and need. And yet, you could still be struggling to drive sales. Ever considered how your products are placed in your store? The strategic arrangement of products on your shelves, to increase your sales, is called a planogram. A planogram is a diagram that shows how and… Continue reading 6 Ways for Malaysian Store Owners to Increase Sales with Better Shelf Placements
There are few key takeaways from Zara’s success that Filipino retailers can incorporate into their business. The first thing to note is that electronic commerce is rapidly gaining traction among consumers in the Philippines. Thus traditional brick-and-mortar retailers are in the best position to take advantage of this revolution, according to the Philippine Retailers Association.… Continue reading Filipino Retailers: 3 Takeaways from Zara’s Success
More often than not, stores find themselves storing excess inventory. Excess inventory is when you have an overstock of merchandise or products in your store. There are many reasons why this can happen. Common causes of this typically include: No buying plan for the arrival of fresh merchandise. Stocking large quantities of merchandise based on… Continue reading 4 Simple Ways Stores in Malaysia Can Unlock Cash in the Inventory
As small business owners it’s important to monitor the cash flow of your restaurant business.
We’ve got you covered with these 4 tips that are sure to help you monitor your businesses cash flow so that you’ll always have reserves!