30 May 2024
Morning Shot: Singapore's retail sector woes: why are locals spending more overseas?
Singapore's retail sector has witnessed a downward trend in sales in recent months.
One major reason for this is the economy's reopening, which has led to a huge spike in the number of locals making overseas trips, and by extension, trips to stores and malls in their destinations of choice.
What other factors are contributing to the sector's disappointing performance? And what solutions can retailers embrace to mitigate the negative impacts?
On this episode of Morning Shot, Stephen Sing, Executive Director, Singapore Retailers Association, shares his insights.
Presented, Produced & Edited by: Emaad Akhtar
Photo credit: Straits Times

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