Amidst a challenging retail environment, Singapore’s luxury goods, specialised services, and curated F&B concepts continue to demonstrate resilience, driven by consumers’ appetite for unique in-person experiences. According to a repprt by Knight Frank Singapore, vacated F&B spaces are increasingly taken up by well-capitalised international brands, intensifying competition for smaller local operators and raising the bar for differentiation. Analysts note that international visitor arrivals remain robust, reaching 3.3 million in July and August 2025, up from 2.8 million in April and May. Leisure and business travel, supported by MICE events and international marketing, continue to underpin retail activity, even with the Singapore Grand Prix shifted from September to October this year. Top of Form Bottom of Form Retail sales also reflect steady consumer demand. Total retail sales (excluding motor vehicles) reached $7.2b in July and August, surpassing $6.9b in April and May.   https://sbr.com.sg/news/luxury-specialty-and-curated-fb-keep-sg-retail-resilient-amidst-challenges   (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 15 October 2025