PROSPECTS AND OPPORTUNITIES
Hypermarkets faces challenges in a land-scarce environment
The outlook for hypermarkets in Singapore remains challenging, given the scarcity of land, high rental costs and dense urban development. It is difficult to find large commercial spaces that can justify the expansive footprint required by hypermarkets, especially if those sites could be allocated to other retail formats offering potentially higher returns.
Rising competition from well-positioned supermarkets
One critical factor contributing to the difficult environment for hypermarkets in Singapore is the close similarity in format and product range between supermarkets and hypermarkets. Both formats, often operated by the same parent companies, can be found in similar locations - shopping centres and accessible neighbourhoods.
Digital innovation amid shifts in cost dynamics
Cost-of-living pressures and operational challenges are expected to persist, influencing the strategies of both retailers and brands in Singapore. As leases come up for renewal, rising rental costs will significantly impact overall expenses, particularly in popular central locations.
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Overview:
Understand the latest market trends and future growth opportunities for the Hypermarkets industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Hypermarkets industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Hypermarkets in Singapore report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Hypermarkets in Singapore?
- Which are the leading retailers in Hypermarkets in Singapore?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Hypermarkets in Singapore - Category analysis
KEY DATA FINDINGS
Expanding services enhance appeal of hypermarkets amid sharp fall
Closures and rebranding strategies impact competitive landscape
Hosted community events aim to attract footfall
Hypermarkets faces challenges in a land-scarce environment
Rising competition from well-positioned supermarkets
Digital innovation amid shifts in cost dynamics
Retail in Singapore - Industry Overview
Retail in 2024: the big picture
Experiential retail as key focus as retailers look to redefine the role of the store
Artificial intelligence drives development
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Lunar New Year
Hari Raya Aidilfitri (or Hari Raya Puasa)
Christmas and New Year
DISCLAIMER
Hypermarkets
Hypermarkets are chained or independent retail outlets with a selling space of over 2,500 square metres and with a focus on selling both grocery and non-grocery merchandise. Hypermarkets are frequently located on out-of-town sites with large parking lots or as the anchor store in a shopping centre. Example brands include Carrefour, E Leclerc, and Walmart Supercenter.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Hypermarkets research and analysis database.
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