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Singapore's retail sector is set for growth in 2026 despite 2025 closures, driven by strong employment, wealth, and spending.
Singapore's retail sector is projected to grow in 2026, fueled by strong employment, rising wealth, and increased household spending on essentials and furniture.
Despite over 2,400 food and beverage outlets closing in 2025—mostly small, unprofitable businesses—sales remain robust near S$1 billion monthly, supported by tourism and resident demand.
Fast food and catering services are outperforming sit-down restaurants, while challenges like high rents, labor shortages, and input costs persist.
Foreign investors continue to enter the market, drawn by its liquidity and growth potential, though success requires adaptability and financial discipline.
El sector minorista de Singapur está preparado para crecer en 2026 a pesar de los cierres de 2025, impulsado por un fuerte empleo, riqueza y gasto.