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Yanbangcai is part of a wave of overseas eateries and bubble-tea shops that have swarmed into Singapore since the pandemic. Among them, Wo Wo Dian, a Sichuan restaurant with roots dating back to 1899, debuted its Singapore outlet in Raffles City a couple of months ago. A few floors up, ramen chain Mensho Tokyo opened in late July. A report by property consultancy Knight Frank gives a clue: average monthly restaurant closures last year exceeded the pandemic slump of 2020. In the first nine month of this year, things have gotten even worse: monthly closures surged by 20% to 274, from 229 last year. Increasing competition and the “substantial” number of new overseas brands making their way into Singapore has led to a “very Darwinian retail environment,” the report says. The influx of competitors from abroad has been led by Chinese brands such as Chamoon Hot Pot and Bingxue, a famous ice cream and tea chain. Beverage group Chagee returned to Singapore with three stores in Plaza Singapura, Orchard Gateway and Raffles City Shopping Centre. The arrival of these chains in Singapore is partly explained by the slowdown in China’s economy and stagnant consumption since the pandemic, which intensified competition at home. That led some owners to look abroad for growth, and rich Singapore, with its largely ethnic Chinese population, was an obvious target. This kind of business migration prompted by geopolitical and economic shifts is not uncommon. Surging migration from Hong Kong sparked by political upheavals in the Chinese territory triggered a revival for Cantonese cuisine in Britain and a wave of new openings in London. Contact us today, and let us demonstrate how partnering with us can elevate your portfolio to new heights Contact Us: bit.ly/AlgoTrader Website: alphabinwanicapital.com Free Newsletter: bit.ly/AlgoNewsletter #Thematic #AI #MoneyMakesMoney #FutureProof

What do store openings of Sam's Club in Hong Kong, 7-Eleven's 7Café in Malaysia and SPAR supermarkets opening in China and Kyrgyzstan have in common? One of the things that make Asia such a unique region to cover is how large the region is and the incredible differences between markets. We just finished a series of analysis titled #ConvenienceInAsia looking at the growing convenience sector across Asia, from #frontier to #emerging and finally #developed markets, exploring the opportunities that this evolving segment offers. This series of articles takes a medium-term outlook to 2028, acknowledging the shifting habits and demands of markets at various stages of economic development. The overarching theme will be how companies have been leveraging the convenience angle when expanding their Mass Grocery Retail offerings across Asian markets and the opportunities that will arise from this growing consumer segment. Reach out to learn more.

Shanghai to Boost Consumption with 500 Million Yuan in E-Coupons The city of Shanghai has announced a major initiative: the distribution of 500 million yuan (approximately USD $71 million) in consumption vouchers. The e-coupons will be available to both residents and visitors, covering a wide range of purchases, including dining, hotels, films, and sporting events. These vouchers are designed to capitalize on the upcoming National Day "golden week" break to drive spending and attract tourists. The e-coupons will be distributed in two stages: - September-October: Focused on vouchers for dining and movies, encouraging spending during the peak holiday period. - November-December: Centered on accommodation and sports vouchers, boosting off-season demand. As Shanghai leads, other major cities and provinces may soon follow with similar programs. The consumption vouchers will likely result in a surge in local spending, particularly in retail, dining, and entertainment. #ShanghaiEconomy #DigitalVouchers #RetailRecovery #EcommerceChina #ConsumerGrowth

1️⃣ In Singapore 🇸🇬 the retail sector gained in May on the back of inbound tourism demand. 2️⃣ For Coco Veda as a small business / social enterprise most of the mainstream retailers have no interest / time for brands like us, their focus remains mainstream. We have been trying but don’t seem to be able to make much headway so we need to think outside the BOX 📦 3️⃣ Cross border eCommerce is a growing box and we hope to make some progress in this space in the coming months 4️⃣ Tourism is another area of focus; we’re currently testing our new innovation of 30 ml packs (all Glass Packaging except for in-shower products for safety reasons) 5️⃣ This new range should also be able to service the Travel / Hospitality sectors 6️⃣ Sustainability in Healtcare is a huge topic and I believe Coco Veda can make a positive difference Centre for Sustainable Medicine CHI - Centre for Healthcare Innovation 7️⃣ The Gifting Industry generates massive wastage, Coco Veda can make a difference here as well. To be honest, we would love to see explore meaningful collaborations with mainstream retail organisations like we have done so far with Design Orchard in a small way. My sense is that the mainstream retail space needs to change and those who are first movers towards innovation and sustainability leading to impact have a better chance of success as long as they have the right collaboration partners, no one can do this alone - it’s complex and dynamic. If anyone wishes to explore meaningful collaborations, do get in-touch with Coco Veda. We respond to all our messages fairly efficiently. 🙏🏽🥥🙏🏽 https://lnkd.in/gpwXA-5k

Top 7 Must-Have Items to Purchase in Singapore: A Shopper’s Guide

Not too long ago, they exited the market, and now, just a few months later, they're back with a vengeance. The Chinese F&B chains are not for the faint-hearted. With war chests filled from their successes in the domestic market, these giants are now setting their sights on the international stage. CHAGEE Singapore, though Singapore wasn't their first choice for expansion into the Asia-Pacific region, is now rapidly growing, leveraging a different strategy from their peer, LUCKIN COFFEE (SGP) PTE LTD. While CHAGEE is surpassing 4,500 units and on track to hit 5,000 soon, Luckin Coffee has just crossed a staggering 20,000 outlets. These numbers are astonishing and demonstrate the aggressive pace at which these brands are expanding. It will be interesting to see how their strategies unfold in new markets and how they navigate the challenges of internationalization. #F&B #MarketExpansion #GlobalBusiness #Chagee #LuckinCoffee #AsiaPacific #BusinessStrategy

In today's news article, Datuk Paul Khong, analyzes how cautious consumer spending habits in Kuala Lumpur are affecting shopping malls. It highlights that despite the rising supply of retail spaces, retailers and malls are facing challenges with lower footfall and reduced spending. Therefore, the future of retail depends on adapting and enhancing the consumer journey. Source by: The Edge Malaysia, 2nd September 2024 #NewsArticle #shoppingmalls #RetailOutlook #RetailTrends #kualalumpur #malaysia #Savills #SavillsMalaysiaGroup #SMG

https://lnkd.in/dEBg3DA7 As a person who spends a lot of time looking at retail stores ( especially attracted to how diff brands such as Lotus's Malaysia and AEON BIG (M) SDN BHD or Jaya Grocer (Trendcell Sdn. Bhd.) (544047-T) arranges their store) Its quite refreshing how they arranged the layout to maxinize THEIR brands sales In this instance The wet markets is rather mind boggling to me I would always choose Lotus's Malaysia and AEON BIG (M) SDN BHD because -its super clean. Whether its the washroom or the floor, its always clean -i can get EVERYTHING. Unless im trying to buy the tears of a dolphin, im sure I can get it from either -its fresh. From someone who cooks, i guarantee you that the fishes/poultry/vege are as fresh as the ones in the market. If you are not Gordon Ramsey, you likely wont know the difference. So yes, the article is correct. Wet markets should be transformed to be similair to Central Market’s concept

⚔️ Clash of the Supermarkets Following up on my recent visit to Fairprice @ Clarke Quay, I'm intrigued to uncover Singapore's most frequented supermarket and the reasons behind its popularity. Grocery shopping seems to be a beloved pastime in Singapore. Any violent objections? 😉 With a plethora of options ranging from mass-market to premium, Singapore boasts over 30 supermarkets of diverse sizes and formats. However, let's narrow our scope and delve into the larger contenders. 📊 Let's take a poll (open to anyone who's residing in Singapore or familiar with the local supermarket scene). In no particular order, 𝓦𝐡𝐢𝐜𝐡 𝐦𝐚𝐣𝐨𝐫 𝐬𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐝𝐨 𝐲𝐨𝐮 𝐯𝐢𝐬𝐢𝐭 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭? 𝐀𝐧𝐝 𝐰𝐡𝐲? 1. NTUC FairPrice (incl Fairprice Finest & Xtra) 2. Cold Storage & CS Fresh 3, Sheng Siong 4. Giant & Giant Hypermart 5. Meidi-ya Supermarket Please share your answer in the comments below. Tq in advance. :) >>>>>>>>>> Till the next one. I'm Kelvin C.. 👋 𝗜𝗳 𝘆𝗼𝘂'𝘃𝗲 𝗲𝘃𝗲𝗿 𝗲𝗻𝗷𝗼𝘆𝗲𝗱 𝗺𝘆 𝗰𝗼𝗻𝘁𝗲𝗻𝘁, 𝗱𝗼 𝗺𝗲 𝗮 𝗳𝗮𝘃𝗼𝗿 𝘁𝗼 𝗟𝗖𝗦. Your support will motivate me to continue delivering valuable content for you! :) 🔔 Follow Me for a regular dose of retail and marketing share. >>>>>>>>>> #supermarkets #retail #retailnews #kelvinc #ccpn

coolest supermarket in Singapore