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
Tag: Offline Retail
3 Ways Retail Store Owners Can Win, Despite E commerce
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
Key Trends Every Filipino Retailer Must Know Before 2018’s Christmas Shopping Season
Christmas, the biggest shopping season of the year, and e-commerce festivals like Black Friday and Cyber Monday spur the retail binge in the Philippines. This makes it the perfect time for consumers to scout out deals or finally buy those big-budget items. Take a peek at how Filipinos will be searching and what they’ll be… Continue reading Key Trends Every Filipino Retailer Must Know Before 2018’s Christmas Shopping Season
Report: Dongdaemon, the Backbone of Asian Fashion
Every year, ~US$ 10b of fashion goods transact online in S. Korea. With ~30K Korean online fashion stores exporting products overseas in 2014 and ~70K today, fashion eCommerce in S.Korea is a fast growing industry and export contributor. Korea itself exports ~US$2b of apparels annually and counts China, Japan and the US as key export… Continue reading Report: Dongdaemon, the Backbone of Asian Fashion
Why Empty Units Have Become A Common Sight in Malaysian Malls
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
Consider These 4 Things When Opening a Brick-and-Mortar Store
The landscape of the retail industry has changed vastly ever since online shopping became more accessible. However, most companies that possess a product line and capital still choose to diversify their sales with brick and mortar (B&M) stores. Opening a physical store is not cheap, and there are many questions that should be asked before… Continue reading Consider These 4 Things When Opening a Brick-and-Mortar Store