Some retailers are expanding their presence in Singapore even as others make their exit amid the Covid-19 pandemic.
Consumers’ changing needs as more people work and study from home have given opportunities to retailers who cater to them.
For instance, more people have taken an interest in home furnishing, said furniture chain Ikea‘s retail director for Singapore and the Philippines, Jaap Doornbos.
“As Singaporeans spend more time at home, they relook their sofa and decide to renew it, or look at their kitchen and plan for an overhaul. In the last 12 months, Ikea has seen strong sales specifically in work-from-home solutions, tableware, kitchenware and outdoor furniture.”