Cross-border e-commerce key in retail sector recovery

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The trend has surged due to international travel restrictions brought by the COVID-19 pandemic. Singapore’s retail industry is still miles away from recovery, despite several measures and initiatives to improve market conditions. According to data from OCBC, retail sales for the entire 2020 dropped 15.3% YOY. This was after the Department of Statistics reported a 3.6% YOY decline in retail sales for December 2020, bringing the slump to its 23rd straight month. read more