default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Tourism Decline Continues to Dent Singapore’s Retail Sales

Marina Bay Sands in Singapore
Marina Bay Sands in Singapore. Hu Chen via Unsplash.

Major shopping events like Singles’ Day and Black Friday gave Singapore’s retail sector a pick-me-up last November, but sales declined again in December, the Straits Times reported.

Retail sales fell 3.6 percent year-on-year, after a revised 1.7 percent decline in November. The lack of tourist flows continued to hit the likes of department stores and cosmetics brands, which saw between 22.8 and 35.4 percent declines and are among the categories hit hardest by the pandemic.

In This Article

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Voices2021
© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
Voices2021