Singapore retailers offer huge Black Friday discounts to attract shoppers

Singapore retailers are offering huge discounts to lure in shoppers on Black Friday. Brick-and-mortar stores are competing hard to keep their share of customers in a shrinking market. September data from the Trade and Industry Ministry showed department store sales have fallen 1.2% compared to 2018. This comes as consumer sentiment is dampened by a slowing economy, softening labour market and subdued wage growth.

Subscribe to our channel here:

Subscribe to our news service on Telegram:

Follow us:
CNA:
CNA Lifestyle:
Facebook:
Instagram:
Twitter:

CNA,Channel NewsAsia,Black Friday,Singapore,retailers,shoppers,Singapore economy,online shoppng,brick-and-mortar,Robinsons,department store sales,Trade and Industry Ministry,