Mixed Retailers in Singapore - New Market Research Report

From: Fast Market Research, Inc.
Published: Tue Jan 26 2016

In 2015, mixed retailers saw slower value growth mainly due to the weak performance of department stores. The retailing climate evolved over the review period with more individuals turning to online shopping for greater convenience, variety of choice, and better bargains. This led to the weakened position of department stores, known for being the one-stop destination for consumers to access a large variety of goods. As consumers can achieve the same by going online, department stores are slowly losing their relevance. Coupled with the challenges of rising rent and the employment problems, store consolidation was observed for major players such as Isetan, Metro, and John Little.

Competitive Landscape

Takashimaya (Singapore) Pte Ltd is the leading player within mixed retailers with a value share of 20% in 2015. Leveraging its strategic location in the prime shopping district of Orchard Road, Takashimaya department store is widely known among locals and tourists. Its curation of luxury and high-end brands also helped to attract higher value transactions. Takashimaya also benefitted from having a strong loyalty programme as a significant share of its revenue comes from returning customers.

Full Report Details at
- http://www.fastmr.com/prod/1113637_mixed_retailers_singapore.aspx?afid=301

Industry Prospects

Mixed retailers is likely to see muted growth over the forecast period due to a weak performance by department stores. Department stores saw maturing sales over the review period and this trend is likely to persist over the forecast period. In-store sales of department stores are expected to shrink further as retailers increasingly place more emphasis on their online channels. More store consolidations are also expected from department stores as soaring rental rates and labour problems make operations increasingly difficult.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Mixed Retailers industry in Singapore with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Mixed Retailers industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.

The Mixed Retailers in Singapore market research report includes:

* Analysis of key supply-side and demand trends
* Detailed market shares for international and locally-based retailers
* Historic number of stores, selling space and values, company and brand market shares
* Five year forecasts of market trends and market growth  
* Robust and transparent market research methodology, conducted in-country

About Fast Market Research

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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