Serious Retail Collapsed Again! Sinkies No $$$ for F&B too!

[Pinkieslut]

Singapore retail sales swing into the red, down 2.5% in February

Blame the not-so-impressive F&B turnout.

Singapore retail sales surprisingly recorded a slump in February after months of consistently reporting gains.

According to the latest figures from the Department of Statistics, overall retail sales dropped 2.5% in February as food & beverage clocked in with a dismal 17.4% retail sales decline.

The strong motor vehicle sales, which have always saved the headline figure in times of downturn, failed to do so in February even with the robust 9.4% sales growth.

And whilst most of the segments reported growth, bigger declines were seen in department stores, supermarkets, mini-marts & convenience stores, wearing apparel, and computer equipment, which saw sales dwindle by 15%, 15.4%, 8.9%, 12.5%, and 5.7%, respectively.

 

[AhNehs]

the strategy if manufacturers and retailers now is "volume" sales. go for volume to preserve market share...

 

[bushtucker]

i was really disappointed during my recent trip to bedok point. what used to be 30+ restaurants and cafes, now only left with 10+.

One third of the shops were empty without furnishings and looking for new tenants.

capitaland really shitting in their pants with this mall.

 

[JohnTan]

Din Tai Fung still crowded as usual. Retail gone fuck but restaurants still doing well. I think Decathlon is also doing brisk business.

 

[Rogue Trader]

Most F&B places staffed with pinoys. Hear their accent also lose appetite liao.

 

[AhNehs]

the problem I have with all these foreigners staffing these joints is PASSION. not your own biz where got passion to ensure best food is made...

 

[eatshitndie]

Din Tai Fung still crowded as usual. Retail gone fuck but restaurants still doing well. I think Decathlon is also doing brisk business.

long lines at sg restaurants. huat ah!

 

[frenchbriefs]

my online retail business is huating,i have no idea what u guys are toking.