Retailers along Orchard Road say they have seen moderate growth one month into this year’s Great Singapore Sale (GSS).
The Orchard Road Business Association (Orba), based on a survey of 30 to 40 major retailers in the area, is reporting a 4 to 5 per cent boost in sales from the same period last year.
It is an encouraging number, said its executive director Steven Goh, given the challenges, including greater competition from shopping hot spots across the region. Shoppers are also keeping an eye on the uncertain economy.
But ‘as long as tourist arrivals remain healthy, it will be good for retailers’, he added.