Stores
Hong Kong's retail sales crashed 42% to $2.97b in March
Hong Kong's retail sales crashed 42% to $2.97b in March
Jewellry, watches and clocks and valuable gifts saw the sharpest decline.
Singapore retail sales down 13.3% to $3.3b in March
Declines in retail industries selling discretionary items have widened.
Hong Kong's household spend to contract 5.2% in 2020
Some food service chains have reduced operating hours.
Great Singapore Sale 2020 cancelled amidst pandemic
It was originally planned to be held from 29 May to 28 June.
Hong Kong stamps over $1.5b in subsidies for retailers
Around 19,000 applications were accepted in the subsidy scheme.
Supermarket chain Sheng Siong Group's profit surged 49.4% to $20.49m in Q1
The group saw elevated demand as more people ate at home.
Dairy Farm's beauty and convenience business takes hit in Q1
Movement restriction policies led to store closures in China.
Asian consumers to eat at home more frequently: survey
Amongst markets in the region, Hong Kong has been taking out food the most.
Thailand's consumer behaviour to remain weak in near term
Fashion stores and dine-in restaurants are unlikely to record strong traffic recovery.
Home furnishing demand in Singapore doubled in February-March
Work from home arrangements fuelled growth in the sector.
China faces lower consumer spending amidst rising inflation, unemployment
Rise in meat and vegetable prices has driven the inflation rate to 5.2%.
Customers per store in India slumped 55% in late-March
Sales recovery is projected to kickstart by May.
Miniso's S$2 stores seek to draw in older buyers
It aims to provide the best bang for the buck with its super cheap yet quality items.
Singapore's retail sales slump eased in March
Recovery is expected to continue but is inconsistent and could deviate until April.
Food and health products to dominate Philippine's consumer spending
Even e-commerce platforms are expected to prioritise delivery of grocery orders.
Singapore's retail sales dropped 8.6% to $2.15b in February
Industries selling discretionary items were affected by a decline in tourist arrivals.
Hong Kong's retail sales down 44% to $2.93b in February
The sector took a blow from the COVID-19 pandemic.
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