Singapore news

Alibaba Group reported its Q3 revenue, for the three months ending 31 December 2022, rose 2% to RMB247,756m (US$35,921m), and net income of RMB35,031m (US$5,079m), which is up 12%. Seven key segments performance highlights China commerce sales reduced 1% to RMB169,986m (US$24,646m) International commerce sales grew 18% RMB19,465m (US$2,822m) Local consumer services sales rose 6% ...

Dairy Farm International (DFI) reported its 2022 group revenue declined 0.9% to US$27,597m. Its underlying profit fell to US$29m, from US$105m in 2021. The Health and Beauty segment experienced strong sales growth due to the post-COVID-19 reopening of the economy, while the food segment showed signs of sales recovery DFI’s five segments performance highlights Food segment sales fell 3....

New legislation will see leading supermarket and hypermarket chains in Singapore charge shoppers at least SGD0.05 (US$0.04) for disposable carrier bags from 3 July 2023. This is to encourage shoppers to reduce waste and adopt a more sustainable lifestyle. Mandatory for larger store formats Larger supermarket and hypermarket retailers with an annual turnover of over SGD100m (US$74m) will be ...

The growing influence of Korean culture continues to shape the retail landscape in Asia, as Shinsegae’s convenience banner Emart24 opened its first two stores in Singapore at the end of 2022. We visited its outlet at Nex to explore some of the store's highlights. Source: IGD Research Dining in store Source: IGD Research The biggest crowd-puller of Emart24 is its in-s...

Despite a tax hike in 2023, Singapore’s leading supermarket and hypermarket retailers have all committed to offsetting the increase to provide affordability to shoppers amidst concerns on the impact of inflation. Tax hike covers all products Singapore’s Goods and Services Tax (GST) was increased by 1 percentage point, from 7%, to 8%, starting from 1 January 2023. The GST is a VAT-style tax ...

7-Eleven Singapore recently opened 7Café, its first café concept store in Singapore. The store is located at Jewel Changi Airport shopping mall, just beside Changi Airport. It is positioned as a café that allows travellers to recharge. Source: IGD Research Wide array of food and beverage options Source: IGD Research The café has a great variety of food and beverage options. ...

Japanese discount chain Don Don Donki recently launched an arcade-themed store in Singapore. This reflects the retailer's strategy to create a unique experience for shoppers in the store. Source : IGD Research Game-themed store Since Don Don Donki entered Singapore in late 2017, it has been on an aggressive expansion drive, with its latest launch in Jurong Point being its 14 th ...

DFI retail group recently introduced the yuu Rewards Club app, a platform that allows shoppers to earn points and redeem rewards across retail, foodservice and telco outlets in Singapore. This builds upon the success of a similar DFI app launch in its home market of Hong Kong in 2020, which has garnered millions of downloads. Diverse range of partners involved The app involves the use of QR...

Singapore supermarket chain FairPrice has launched its “Greater Value Every Day” campaign. It is aiming to provide value pricing schemes to allay shoppers' concerns in the face of the rising cost of living.   Greater Value Every Day campaign The initiative includes four main discount and value offerings: 1. Affordable pricing and price freezes on essentials As part of “Everyday Low Pr...

Sephora Singapore launched its first “Store of the Future” at its Raffles City outlet, Singapore, in September 2022. We recently visited the store to observe how the latest concept combines technology, personalised services and classes to win shoppers. Source: IGD Research Excitement even before entering the store Source: IGD Research Source: IGD Research Before ente...