30 Apr '16, 11pm

Retail market: The disease and the cure | The Edge Property Singapore

Retail market: The disease and the cure | The Edge Property Singapore

Here's why it's time to be spooked by the state of the retail market. 1. February retail sales plunged despite leap year, Airshow and more tourists The Department of Statistics Singapore released the February 2016 Retail Sales Index figures two weeks ago. The data shows that year-on-year, total retail sales value fell 3.2% from an estimated $3.5 billion in February 2015. The decline would have been bigger if not for the sales of motor vehicles, which increased 51% over February last year. On a year-on-year basis, retail sales excluding motor vehicles have been on a declining streak, with occasional blips. There were 29 calendar days and 19 working days in February 2016. In comparison, there were 28 calendar days and 18 working days in February 2015. Singapore hosts a major international exhibition once every two years. The Singapore Airshow was held on Feb 16 to 21 this ye...

Full article: http://www.theedgeproperty.com.sg/content/retail-market-d...

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