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Covid-19 has created a gaping gap in Singapore’s retail sector as shops see decreased footfall and income with extra individuals purchasing on-line from dwelling.
It resulted in retailer closures and a slew of bankruptcies from main manufacturers corresponding to Sportslink, MUJI and GNC.
Growth is the very last thing on their plans as they’re busy attempting to maintain their current shops afloat. Nevertheless, that isn’t the case for these manufacturers which has been rising their retail presence right here.
From F&B to style, these manufacturers proceed to broaden by including extra shops to their arsenal.
Picture Credit score: Danielfooddiary
American burger chain 5 Guys is opening its second outlet within the heartlands at Nex purchasing centre in Serangoon by 2021.
They’re identified for his or her customisable burgers, that begin from S$11, with limitless toppings.
The burgers are paired with hand-cut potato fries and milkshakes the place you possibly can add as much as 11 toppings.
It first opened its flagship outlet at Plaza Singapura final 12 months, to snaking queues.
Picture Credit score: Shake Shack Singapore
American “fine-casual” burger chain Shake Shack has introduced that will probably be opening its fourth outlet at Suntec Metropolis on 30 September.
They’re identified for his or her gourmand hamburgers, sizzling canine, crinkle-cut french fries, and milkshakes.
Their third outlet at Liat Towers was opened on 5 August. The chain had opened a second outlet at Neil Street in February this 12 months, after establishing its first Singapore outpost at Jewel Changi Airport final 12 months.
Picture Credit score: Apple
This month, iPhone maker Apple launched their newest outlet at Marina Bay Sands — their most formidable retail challenge but — and it sits instantly on water.
Formed like a sphere, Apple’s third retail retailer in Singapore floats on the iridescent Marina Bay.
It is usually the world’s first floating Apple retailer and permits prospects to get pleasure from a panoramic view of the Singapore skyline.
Different Apple shops are positioned on Orchard Street and at Jewel Changi Airport.
Picture Credit score: Love, Bonito
Earlier this month, homegrown style attire model Love, Bonito opened its newest and fourth outlet at VivoCity.
The brand new four,300 sq ft retailer is their second largest after their Funan retailer and is designed for households.
The shop boasts of kid-friendly options and the aisles are designed with more room for prams in between racks of garments.
Love, Bonito began out as an e-commerce retailer earlier than venturing into brick-and-mortar and launching its flagship retailer at Orchard.
Picture Credit score: Greatdeals.com.sg
BreadTalk’s new cafe idea, Butter Bean, has not too long ago entered the F&B trade.
It’s the extra fashionable model and cooler sibling of latest espresso chain Toast Field. This additionally marks dad or mum firm BreadTalk Group’s foray into the cafe scene.
Its first outlet at Funan Mall opened on 28 August, with the second outlet opening on 10 September at VivoCity.
It sells elevated thick toasts, Korean-inspired sandwiches and upgraded Nanyang espresso.
Kenny Rogers Roasters
Picture Credit score: Kenny Rogers Roasters by way of Fb
Kenny Rogers Roasters is legendary for his or her Rotisserie-roasted hen and the Kenny’s Nasi Lemak.
The chicken-based restaurant chain had shuttered all its Singapore shops in April final 12 months.
Days later, native F&B firm Lao Huo Tang Group took over its franchise rights and reopened its first outlet in Jem throughout the identical 12 months.
Final week (29 August), Kenny Rogers Roasters introduced the opening of a second outlet in Century Sq., the place it was as soon as positioned.
Picture Credit score: Decathlon
French sporting items retailer Decathlon opened its fifth expertise retailer, Decathlon Orchard at The Centrepoint shopping center.
The retail outlet spans two flooring and 6 models, occupying a 3200 sqm space. The shop will function some 5000 merchandise spanning greater than 50 sports activities.
It additionally replaces Metro as The Centrepoint’s anchor tenant and has different shops in numerous places from Joo Koon to Metropolis Sq..
It was reported that whereas total retail numbers in Singapore have been down by near 9 per cent in July, Decathlon noticed a 38 per cent enhance in gross sales. Its on-line gross sales in July additionally grew by greater than 300 per cent.
Picture Credit score: Harvey Norman
Furnishings and electronics large Harvey Norman will quickly add three new shops to its present variety of 12.
Amongst its new shops is the 9,100 sqft Seletar Mall department which opened on 15 September.
Additionally they opened a 32,000 sq ft Superstore at The Centrepoint on 22 September, with 4 departments — electrical, computer systems, furnishings and bedding.
It should additionally launch a 16,000 sqft retailer in Westgate on the finish of the 12 months.
Picture Credit score: Skechers
Footwear model Skechers has rolled out 5 new shops in Singapore since July, and one of many 5 new stores is at Suntec Metropolis.
This takes its retailer rely to 30 and so they have employed 40 extra employees to man them.
The model epitomises fashion, innovation, consolation and high quality and likewise options versatile designs for various functions.
Final July, it opened a brand new model expertise retailer at Singapore’s Jewel Changi Airport, serving as their largest Southeast Asian retailer thus far.
Picture Credit score: Pomelo
Thai on-line fast-fashion retailer Pomelo has a flagship retailer positioned at [email protected] in Singapore.
Over the previous few months, it has rolled out extra shops in Thailand, and the corporate mentioned it would enter Indonesia and Malaysia subsequent.
As a part of its Southeast Asian retail growth, it would additionally open a second retailer at Nex mall in Singapore in November.
Retail’s Not Useless
The newest casualty is UK style retailer Topshop which closed its final bodily retailer in Singapore and moved on-line solely.
Nevertheless, with extra manufacturers exiting the market, there are extra good places accessible now.
This presents a chance for current gamers to snap up enticing retail models which have been vacated and with the retail droop, mall operators are extra open to negotiations for rental charges.
Retail rents are anticipated to say no by between 4 and 14 per cent for the entire of 2020.
Whereas many retailers are struggling to stay commercially viable through the Covid-19 disaster, this may very well be a great time to broaden.
Featured Picture Credit score: Danielfooddiary / Apple / Love, Bonito / Pomelo / Harvey Norman