With the advent of e-commerce and online shops selling anything you could ever think about buying, some fear for the safety of shopping malls. E-commerce in Singapore could especially be a threat, bringing down the malls which the country is famous for.
There have been a number of cities where e-commerce overtook the physical means of shopping. However, in-depth research into the shopping behaviors and statistics of Singaporean shoppers prove that physical stores’ performance has improved. Malls are here to stay with e-commerce actually augmenting sales.
There are four main reasons why experts think shopping malls will stand strong in Singapore.
Online and Offline Retail Worlds are not Really Competitors
Singapore is no different from all other countries in the world. With the advent of the digital age, its e-commerce sector is booming. Boasting staggering growth of nearly 50% in the past two years, the online retail market in 2015 is estimated to ...
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