If you got a question, look no further.
We post the most common questions
in our FAQ section.
Please fill in the form below to receive a Free Sample of the Report.
BMI View: Exposure to international financial and product markets will cause
a slowdown in Singapore's economy. Worsened consumer sentiment will negatively
affect retail sales and push smaller, niche retailers out of the market.
However, the shift towards e-commerce will prevail as firms rush to offer not
only topnotch online shopping services but also new ways of combining physical
and online retail environments. The trend will likely provide the market with
more resilience in the medium term.
Key Views & Developments:
■ The retail sector is contracting as sales dropped 3.2% y-o-y in February 2016
according to Singapore Department of Statistics. Groceries, communications and
household goods sub-sectors posted the deepest double-digit falls.
■ Deteriorated consumer sentiment and adverse economic conditions prompted a
number of retailers to scale down their operations in Singapore or leave the
market altogether. The list includes New Look, Celio and iwannagohome, all of
which are closing down, and Al-Futtaim and CB2 shrinking their operations.
BMI Industry View . 7SWOT .. 9Retail SWOT . 9Industry Forecast 11Headline Retail Forecast .. 11Table: Total Household Spending (Singapore 2013-2020) . . . 13Table: Retail Sector Spending, % Of Total (Singapore 2013-2020) . . . . . 14Table: Headline Retail Sector Spending (Singapore 2013-2020) . . 15Table: Retail Sector Spending, % of GDP (Singapore 2013-2020) 17Retail Sector Forecast ...... 18Food, Drink And Tobacco 19Table: Food, Drink & Tobacco Spending (Singapore 2013-2020) . 20Clothing And Footwear ... 20Table: Clothing & Footwear Spending (Singapore 2013-2020) . . . 21Household Goods . 21Table: Household Goods Spending (Singapore 2013-2020) . 22Personal Care ..... 23Table: Personal Care Spending (Singapore 2013-2020) . . . . . 23Household Numbers And Income Forecast ......... 25Table: Household Income Data (Singapore 2013-2020) . . . . . 26Table: Labour Market Data (Singapore 2013-2020) . . . 29Demographic Forecast ..... 30Table: Total Population (Singapore 2013-2020) . 32Table: Population: Babies (Singapore 2013-2020) . . . . 32Table: Population: Young Children (Singapore 2013-2020) . 32Table: Population: Children (Singapore 2013-2020) . . 33Table: Population: Young Teens and Older Children (Singapore 2013-2020) 33Table: Population: Young People (Singapore 2013-2020) . . . 33Table: Population: Older Teenagers (Singapore 2013-2020) 34Table: Population: 21yrs + (Singapore 2013-2020) . . . 34Table: Population: Young Adults (Singapore 2013-2020) . . . 34Table: Population: Middle Aged (Singapore 2013-2020) . . . . 35Table: Population: Urban (Singapore 2013-2020) . . . . . 35Industry Risk Reward Ratings 36Asia Pacific Risk/Reward Index .... 36Table: Asia Pacific Retail Risk/Reward Index, Q316 . . . 36Singapore Risk/Reward Index ...... 37Rewards ... 37Risks ........ 38Market Overview . 39Competitive Landscape 43Clothing & Footwear ...... 43Table: Selected Clothing & Footwear Companies . . . . . 43Household Goods . 44Table: Selected Household Goods Companies . . . 44Electronics ......... 44Table: Selected Electronics Retail Companies . . . 44Department Stores 45Table: Selected Department Stores Companies . . 45E-commerce ........ 45Table: Selected E-commerce Companies . . . 45Pharmacies/ Drug Stores . 46Table: Selected Pharmacy Companies46Glossary ..... 47Methodology ........ 54Industry Forecast Methodology .. 54Sources .... 57Risk/Reward Index Methodology . 57Table: Retail Risk/Reward Index Indicators 58Table: Weighting Of Indicators . 60