Similar to October’s declines, food and alcohol; cosmetics, toiletries and medical goods; as well as department stores saw the highest declines at -37.3%, -27.5% and -24.5% respectively.
Singapore’s retail sales fell 1.9% y-o-y in November 2020, marking an improvement from the 8.5% y-o-y decline in October 2020, according to data released by the Department of Statistics (SingStat) on Jan 5.
The smaller decline in retail sales was due mainly to events such as the Singles’ Day and Black Friday sales, as well as from new mobile phone launches.
