Retailers can catch no break. A perfect storm has been brewing for some time in Singapore and across the developed world.
Rental reliefs, tax breaks and salary supplements through the Job Support Scheme helped mitigate the shock to brick-and-mortar retailers. There was also some silver lining when many retailers were forced to move online, something that may never have happened otherwise. On the supply side, there has been little respite in terms of rent and increasing difficulty in finding qualityAnother complication for the average retailer in this heightened alert phase is the uncertainty of how competition will behave.
A circuit breaker also enables the Singapore Retailers Association and other groups such as Singapore Tenants United For Fairness to justifiably lobby for government subsidies on rents and salaries.
CB are good grounds for relief packages from landlords and the government. Retailers are assuming a repeat from recent government history. It is wrong for such assumptions.
'In addition, there is the natural fear among many shoppers, who are not yet vaccinated, to head to the malls. '. Btw those who vaccinated also caught and spread covid. Such as the changi airport, prison. TtSH, ICA OFFICER.
To declare a CB is to call a declare a defeat.
Government paying citizens to stay home during circuit breaker?
It is amazing that reits are still profitable. But then REITS are the root of all problems financially, from the store high rental to the high prices of items to depressed earnings for individuals and businesses.
Govt dont call for cb.....cos its cost them money n also landlord needs rental $$$ but they failed to realise that there r no footfall for retailers
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.