It is an inconvenient time for convenience store operators in Singapore, as they struggle for a share in the market largely dominated by supermarket giants.
It is an inconvenient time for convenience store operators in Singapore, as they struggle for a share in the market largely dominated by supermarket giants. In April, Dairy Farm announced it was selling more than a dozen 7Eleven stores located in prime locations throughout Singapore, highlighting the growing challenges that convenience stores are facing against larger retailers.
Meanwhile, players such SSG and FairPrice are steadily cementing their dominance in Singapore’s retail scene, biting into the market shares of smaller supermarket players as well as convenience stores. Supermarkets’ share of the market has risen to 52.7% in 2017, from 51.9% in 2016 and 50.4% in 2012, noted John Cheong, analyst at Maybank Kim Eng, citing Euromonitor data.
This story is from the June - July 2018 edition of Singapore Business Review.
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This story is from the June - July 2018 edition of Singapore Business Review.
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