Retail
There are positive externalities in beauty and fashion such as

In beauty and fashion, Singapore is the dream shopping destination for High Net Worth Individuals. With many international lavish brands such as Louis Vuitton, Hermes, Salvatore Ferragamo and Chanel having chosen to invest in Singapore, such individuals with high purchasing power will still remain in motion despite the current economic downturn.

This shows that despite the poor economic outlook, the retail sector has proven profitable in Singapore, in fact, there still remains strong growth especially in the beauty and fashion sector.
We can assume that this growth is due to a mindset shift in 'preference of local consumers towards premium goods' thus the flourishing retail scene. With new shopping malls being built, such as the Illuma and ION Orchard, together with 'international retailers entering the local arena' is evidence of the assurance they have of the Singapore market.


Thanks
Halena Fonseka

The presence of numerous sales promotions and financial cards privileges aid in encouraging consumer expenditure such the uniquely Great Singapore Sale which is a favoroed event among the locals and a somewhat attraction for the tourists. On top of the upcoming establishment of the IR's, the establishment of integrated resorts, spending power of tourists and locals will expose the prospects the local retailing scene holds.

Labels: externality

Cheryl - 10 January
Shumin - 15 January
Chuan Yu - 3 February
Jonathan - 24 February
Grace - 2 March
Alison - 31 March
Adeline - 20 April
Halena - 23 April
Julinda - 9 May
Sheryl - 29 May
Billy - 31 May
Amanda - 4 October
Bernice - 22 July
Francine - 30 July
Bryan - 31 July
Matthew - 31 July
Joshua - 15 August
Janell - 21 August
Sin Yee - 6 September
Ronny - 14 September
Shine - 15 October
Marcus - 5th November
Pei Qing - 10 December
Sheena - 27 December