Max Headroom wrote: ↑Mon, 23 Nov 2020 8:53 amRetail here is going to get slaughtered. My circle has discovered ordering online in Malaysia, specifically from the shops they used to frequent regularly in JB before Covid-19.
These JB shops had no choice but to open virtual platforms and are now getting their act together by selling online full-on. The sites were buggy at first but are now smooth sailing.
Prices over there are fractions of what you'd pay in Singapore. Best of all, once you know where to go, quality is on a par, or better than stuff bought here. People are ordering by the box-loads.
If you think Singapore retail has been getting clobbered, wait for the masses to discover ordering from Malaysia, followed a few years down the road by Indonesia.
Retail in Singapore is a dead man walking. Courtesy the ever-greedy landlords and their ever-rising rents.
The only good thing about this mass disruption is that these landlords will have to tighten their purse strings big-time.
I really hope they do survive as they've got great products...just need to continue building the online presence and product range.
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