Rev­o­lu­tion­is­ing Sin­ga­pore’s re­tail ex­pe­ri­ence: phys­i­cal stores are not doomed yet

Singapore Business Review - - NEWS FROM SBR.COM.SG - BY ERICH GER­BER

“Phys­i­cal re­tail is dead!”—open any news pub­li­ca­tion and you’re likely to find a sim­i­lar head­line. The rea­sons for such fears are aplenty. In Sin­ga­pore, store oc­cu­pa­tion in the city’s prime shop­ping Or­chard district has reached the low­est point in five years, the least since 2009.

The sim­plest ex­pla­na­tion is that e-com­merce has taken over with 230 mil­lion South­east Asians go­ing dig­i­tal in pur­chas­ing prod­ucts and ser­vices.

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