Webinar - The Future Of Retail In Asia: Post Covid-19
The transition to recovery post Circuit Breaker will not be smooth sailing. Increasing
SRA's Calendar of Events 2020
We’re busy here at SRA! Stay up to date with our events calendar,... More
SRA 42nd AGM, Election of Council Members (2020-2022) & Let's M.E.E.T. Session
Dear SRA Members , We regret to inform that the 42nd AGM scheduled... More
SRA Training Programme 2020
Tap on this series of short, industry-relevant courses to equip your team to better... More
Training is the Essence to Transformation
The world of work is changing fast, with emerging new technologies and increased... More
Are you on GoSpree yet?
Reach out to nearly 60,000 members and start driving incremental traffic to your... More
Retail Sales for February 2020
Retail sales decreased 8.6% in February 2020 compared to February 2019. Excluding motor vehicles, retail sales fell 10.2%. The decrease is mainly attributed to larger year-on-year declines in retail industries selling discretionary items, due to the decline in tourist arrivals and lower domestic consumption as a result of the COVID-19 outbreak.
Compared to the previous month, seasonally adjusted retail sales declined 8.9% in February 2020. Excluding motor vehicles, seasonally adjusted retail sales decreased 11.2%. The estimated total retail sales value in February 2020 was about $3.1 billion. Of these, online retail sales made up an estimated 7.4%. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment industries and Supermarkets & Hypermarkets made up 30.4%, 14.0% and 8.5% of the total sales of their respective industry.