"Singapore Retail Report Q4 2015" now available at Fast Market Research

Despite being a small country and economy, with a population of around 5mn , Singapore has seen robust growth compared with other regional countries. The expected growth in the economy is likely to translate to higher levels of income and spending levels of the local population. The extremely high levels of disposable income represent excellent opportunities for retailers as there are many purchases for non-essential goods, particularly those of which are deemed fashionable and modern.

Singapore is home to some of the most modern retail formats on the globe, with a huge amount of shopping mall complexes relative to their small population size. With shopping malls often being located adjoining the subway (MRT) stations throughout the city. Orchard Road is the key shopping area for retailers of the traditional formats with a plethora of shopping malls and high-end shops and state of the art infrastructure and complimentary services that improve the area's attractiveness. Orchard Road is the main shopping destination as a result of these characteristics with tourists, particularly from mainland China providing much of the revenue for retailers, as shoppers look to take advantage of the low rate of sales tax in the country. Despite the continued dominance of traditional retailers, e-commerce is starting to lift-off despite the initial slow growth even though Singapore's smartphone penetration rates are exceptionally high. Logistically, Singapore has become much more attractive for e-commerce, as infrastructure gets put in place, though Singapore's high levels of urbanisation means that the physical stores are rarely out of reach.

Full Report Details at
- http://www.fastmr.com/prod/1024130_singapore_retail_report_q4.aspx?afid=301

The Singapore Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Singapore Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

* Benchmark BMI's independent retail industry forecasts for Singapore to test other views - a key input for successful budgeting and strategic business planning in the Singaporean retail market.
* Target business opportunities and risks in Singapore through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

Coverage

BMI Industry View

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