Retail News CRM

Tag: Singapore

  • Singapore online discounter launches

    Singapore online discounter launches

    Singapore’s newest eCommerce player SavingMart.sg believes it will complement existing online merchants.

    SavingMart.sg will offer value-conscious shoppers access to coupons and deals from the growing list of existing online businesses.

    “Whether the goal is to prove savvy fashionistas can surely find their favorite products in Singapore or to shatter the misconception that there aren’t good deals to be found online, SavingMart.sg spans the fashion, beauty and lifestyle sectors with online retailers offering great products and deals, free or cheap shipping and more,” the company said.

    SavingMart has already partnered with several high profile e-tailers.

    Sunnanz has become a popular online store for fans of cult skincare brand Dermalogica. Operated by a local Singaporean couple, Sunnanz offers prices reportedly the lowest in Singapore and Malaysia. It also stocks discounted SK-II, Etude House, Skin Food and other well-known beauty brands from Korea and Taiwan.

    At the other end of the scale is multinational Zalora, which stocks affordable fashion, grooming and hardware products. The site features many recognised brands in addition to stocking local Asian labels.

    And Style Tribute, launched in 2013, where shoppers can buy and sell discounted and factory second designer goods. They can also browse clothing, bags and accessories from the likes of Louis Vuitton, Dior, Gucci, Prada and more, all at up to 90 per cent off the original retail price, according to Style Tribute representatives.

    “With online fashion stores, there are no limits of time or space with regard to shopping activities,” said a SavingMart.sg spokesperson.

    “With the best online fashion stores, shopping is taken to a whole new level where convenience complements product quality perfectly along with buyers’ tastes and the number of fashion collections. To this end, we believe SavingMart.sg will succeed – whether for the ladies looking to turn some heads in a sexy ensemble when they hit the nightclubs, or for the style-centric professional woman seeking that perfect business suit.”

  • Want to buy a Rolex?

    Want to buy a Rolex?

    Rolex sales are soaring in Singapore, and other Asian cities as the Swiss franc’s value rises rapidly.

    Staff of Singapore’s highest profile luxury watch chain The Hour Glass told AFP sales of Swiss brands have risen markedly in recent days, especially of Rolexes.

    Most of its stores along Orchard Rd sold 25 to 30 Rolexes each day last weekend – far more than the usual five or six. Most sales were of ‘entry level’ models, costing S$10,000 upwards.

    Some stores are running out of stock as shoppers snap up the luxury watches before an inevitable price rise fuelled by a 20 per cent increase in the value of the Swiss Franc relative to the US dollar and the euro.

    Another luxury watch retailer sold 20 Franck Muller watches over the weekend compared to the usual one or two a day.

    “The buyers are aware that retailers would soon raise the prices of our Swiss models,” a spokesman said on condition of anonymity.

    “About half of our customers enquire when it will happen and many are willing to make purchases in anticipation of this price rise.”

  • Sheng Siong signs joint-venture deal to run supermarkets in China

    Sheng Siong signs joint-venture deal to run supermarkets in China

    Singapore-listed Sheng Siong Group has signed a conditional joint-venture (JV) agreement with Kunming LuChen Group Co Ltd to operate supermarkets in China.

    Under the conditional agreement, the proposed JV company will be incorporated under the laws of China with a registered capital of USD10 million.