Retail Sector in Singapore

Retail Sector in Singapore

Ruimin Chen (Xi'an Jiaotong-Liverpool University, Suzhou, China)
DOI: 10.4018/IJOCI.2019100104

Abstract

The retail sector plays an important role in Singapore and it is one of the most significant factors of Singapore economic development. However, a series of problems were caused by the increasing number of overseas retail stores expanding into Singapore. In order to understand the actual survival status of the Singapore retail sector, this article will first discuss the related issues and explain how Singapore government work out on these issues. Second, is discussed how big data could affect the retail sector today in Singapore. In addition, a multiple regression analysis will be provided for testing and analyzing the relationship between Singapore retail sales and some particular economic indicators of Singapore.
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2. Issue No. 1: The Advantages And Disadvantages Of Retail Sector To Local Community Economy

This section will discuss and explain both the advantages and disadvantages of retail sector to the local community economy by providing three reasons each and some relevant evidences and instances.

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