Singapore retail sales

Job seekers in the retail sector also rose by 7.6%.

They are giving premium to loyalty programmes and convenience as reasons to shop online.

Economists expect the market’s sales momentum to improve in the remaining months.

Easing economic growth and tax hikes will affect retail transactions.

The company plans to expand sales in Southeast Asia.

The new store will be launched in the third quarter of the year. 

Real household income growth is expected to be relatively modest in 2022-2026.

Toiletries and medical goods recorded the most growth in retail sales.