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Country Report

Convenience Stores in

Convenience Stores in Singapore

41 pages, Jan 2019

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Convenience stores remain in backseat as supermarkets continue to drive

Sales growth for convenience stores in Singapore has taken a hit over the years due to a combination of various factors, both hard and soft. Although the Singaporean economy has generally recovered in 2018, spill over effects from the sluggish economy in the last few years can still be seen today as weak consumer sentiment and wariness prevail.

Efforts to offer value added services keep convenience stores afloat for now

With massive competition from supermarkets, convenience stores have been forced to prominently differentiate themselves in order to stay put in Singapore’s retailing landscape. One notable effort is the provision of fresher food and more attractive takeaway options.

Embracing of technology to attract modern consumers

Another attempt by convenience stores to raise their game is the leveraging of technology to implement in-store services like self-service and bill-payment kiosks. In addition to combating the man-power crunch, these value-added technology services also offer cashless payment options that support the government’s cashless drive to facilitate consumer transactions.

COMPETITIVE LANDSCAPE

Ready-to-eat meals keep 7-Eleven on top

7-Eleven continues to dominate convenience stores, not only due to its significantly higher number of outlets compared to Cheers, but also its successful revamping of stores to include fresher ready-to-eat meals. By leveraging its pre-existing relationship with 7-Eleven Japan, which is known for efficiently listening to customers, 7-Eleven Singapore has incorporated unique Japanese products and private label ranges into its offerings.

Cheers introduces comparable initiatives but still lags behind 7-Eleven

While 7-Eleven continues to dominate and is investing in value-added services to differentiate itself, efforts by Cheers are similar and cannot be dismissed. Jumping on the ready-to-eat meals bandwagon, Cheers is providing further convenience by offering items like nasi lemak and beef rendang baked rice, which are preservative-free and do not need to be thawed before hearing up, thus saving time.

Growing competition from new convenient supermarket formats

Despite these efforts, Cheers does not capture a large part of sales share in the convenience store landscape. In addition to offering fewer stores than competitor 7-Eleven, translating into lower sales overall, the brand is also struggling due to growing competition from new 24-hour supermarkets and threats from online retailers.

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Overview

Why 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.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Convenience Stores industry in Singapore with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Convenience Stores industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.

The Convenience Stores in Singapore market research report includes:

Analysis of key supply-side and demand trends
Detailed market shares for international and locally-based retailers
Historic number of stores, selling spaces and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Convenience Stores in Singapore?
Are consumers looking for convenient shopping options in Singapore?
Are store numbers growing or shrinking in convenience stores?
Are branded stores winning against independents?

Why 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 industry report originates from Passport, our Retailing market research database.

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Convenience Stores in Singapore - Category analysis

HEADLINES

PROSPECTS

Convenience stores remain in backseat as supermarkets continue to drive

Efforts to offer value added services keep convenience stores afloat for now

Embracing of technology to attract modern consumers

COMPETITIVE LANDSCAPE

Ready-to-eat meals keep 7-Eleven on top

Cheers introduces comparable initiatives but still lags behind 7-Eleven

Growing competition from new convenient supermarket formats

CHANNEL DATA

Table 1 Convenience Stores: Value Sales, Outlets and Selling Space 2013-2018
Table 2 Convenience Stores: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 3 Convenience Stores GBO Company Shares: % Value 2014-2018
Table 4 Convenience Stores GBN Brand Shares: % Value 2015-2018
Table 5 Convenience Stores LBN Brand Shares: Outlets 2015-2018
Table 6 Convenience Stores LBN Brand Shares: Selling Space 2015-2018
Table 7 Convenience Stores Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 8 Convenience Stores Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023

Retailing in Singapore - Industry Overview

EXECUTIVE SUMMARY

Retail headwinds in 2018 but consumer demand constantly changing

Value-added services and experiential elements keep physical stores alive

Time-poor Singaporeans valuing convenience more than ever

Singaporeans becoming increasingly ardent cross-border online shoppers

Mobile commerce comes to dominate retailing landscape in Singapore

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Summary 1 Standard Opening Hours by Channel Type

Physical retail landscape

Cash and carry

Seasonality

Great Singapore Sale
Christmas and New Year
Black Friday
Single’s Day

Payments and delivery

Emerging business models

MARKET DATA

Table 9 Sales in Retailing by Store-based vs Non-Store: Value 2013-2018
Table 10 Sales in Retailing by Store-based vs Non-Store: % Value Growth 2013-2018
Table 11 Sales in Store-based Retailing by Channel: Value 2013-2018
Table 12 Sales in Store-based Retailing by Channel: % Value Growth 2013-2018
Table 13 Store-based Retailing Outlets by Channel: Units 2013-2018
Table 14 Store-based Retailing Outlets by Channel: % Unit Growth 2013-2018
Table 15 Sales in Non-Store Retailing by Channel: Value 2013-2018
Table 16 Sales in Non-Store Retailing by Channel: % Value Growth 2013-2018
Table 17 Grocery Retailers: Value Sales, Outlets and Selling Space 2013-2018
Table 18 Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 19 Sales in Grocery Retailers by Channel: Value 2013-2018
Table 20 Sales in Grocery Retailers by Channel: % Value Growth 2013-2018
Table 21 Grocery Retailers Outlets by Channel: Units 2013-2018
Table 22 Grocery Retailers Outlets by Channel: % Unit Growth 2013-2018
Table 23 Non-Grocery Specialists: Value Sales, Outlets and Selling Space 2013-2018
Table 24 Non-Grocery Specialists: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 25 Sales in Non-Grocery Specialists by Channel: Value 2013-2018
Table 26 Sales in Non-Grocery Specialists by Channel: % Value Growth 2013-2018
Table 27 Non-Grocery Specialists Outlets by Channel: Units 2013-2018
Table 28 Non-Grocery Specialists Outlets by Channel: % Unit Growth 2013-2018
Table 29 Mixed Retailers: Value Sales, Outlets and Selling Space 2013-2018
Table 30 Mixed Retailers: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 31 Sales in Mixed Retailers by Channel: Value 2013-2018
Table 32 Sales in Mixed Retailers by Channel: % Value Growth 2013-2018
Table 33 Mixed Retailers Outlets by Channel: Units 2013-2018
Table 34 Mixed Retailers Outlets by Channel: % Unit Growth 2013-2018
Table 35 Retailing GBO Company Shares: % Value 2014-2018
Table 36 Retailing GBN Brand Shares: % Value 2015-2018
Table 37 Store-based Retailing GBO Company Shares: % Value 2014-2018
Table 38 Store-based Retailing GBN Brand Shares: % Value 2015-2018
Table 39 Store-based Retailing LBN Brand Shares: Outlets 2015-2018
Table 40 Non-Store Retailing GBO Company Shares: % Value 2014-2018
Table 41 Non-Store Retailing GBN Brand Shares: % Value 2015-2018
Table 42 Grocery Retailers GBO Company Shares: % Value 2014-2018
Table 43 Grocery Retailers GBN Brand Shares: % Value 2015-2018
Table 44 Grocery Retailers LBN Brand Shares: Outlets 2015-2018
Table 45 Grocery Retailers LBN Brand Shares: Selling Space 2015-2018
Table 46 Non-Grocery Specialists GBO Company Shares: % Value 2014-2018
Table 47 Non-Grocery Specialists GBN Brand Shares: % Value 2015-2018
Table 48 Non-Grocery Specialists LBN Brand Shares: Outlets 2015-2018
Table 49 Non-Grocery Specialists LBN Brand Shares: Selling Space 2015-2018
Table 50 Mixed Retailers GBO Company Shares: % Value 2014-2018
Table 51 Mixed Retailers GBN Brand Shares: % Value 2015-2018
Table 52 Mixed Retailers LBN Brand Shares: Outlets 2015-2018
Table 53 Mixed Retailers LBN Brand Shares: Selling Space 2015-2018
Table 54 Forecast Sales in Retailing by Store-based vs Non-Store: Value 2018-2023
Table 55 Forecast Sales in Retailing by Store-based vs Non-Store: % Value Growth 2018-2023
Table 56 Forecast Sales in Store-based Retailing by Channel: Value 2018-2023
Table 57 Forecast Sales in Store-based Retailing by Channel: % Value Growth 2018-2023
Table 58 Forecast Store-based Retailing Outlets by Channel: Units 2018-2023
Table 59 Forecast Store-Based Retailing Outlets by Channel: % Unit Growth 2018-2023
Table 60 Forecast Sales in Non-Store Retailing by Channel: Value 2018-2023
Table 61 Forecast Sales in Non-Store Retailing by Channel: % Value Growth 2018-2023
Table 62 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 63 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 64 Forecast Sales in Grocery Retailers by Channel: Value 2018-2023
Table 65 Forecast Sales in Grocery Retailers by Channel: % Value Growth 2018-2023
Table 66 Forecast Grocery Retailers Outlets by Channel: Units 2018-2023
Table 67 Forecast Grocery Retailers Outlets by Channel: % Unit Growth 2018-2023
Table 68 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 69 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 70 Forecast Sales in Non-Grocery Specialists by Channel: Value 2018-2023
Table 71 Forecast Sales in Non-Grocery Specialists by Channel: % Value Growth 2018-2023
Table 72 Forecast Non-Grocery Specialists Outlets by Channel: Units 2018-2023
Table 73 Forecast Non-Grocery Specialists Outlets by Channel: % Unit Growth 2018-2023
Table 74 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 75 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 76 Forecast Sales in Mixed Retailers by Channel: Value 2018-2023
Table 77 Forecast Sales in Mixed Retailers by Channel: % Value Growth 2018-2023
Table 78 Forecast Mixed Retailers Outlets by Channel: Units 2018-2023
Table 79 Forecast Mixed Retailers Outlets by Channel: % Unit Growth 2018-2023

Megatrends

Country Report

Convenience Stores in Singapore

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Convenience stores remain in backseat as supermarkets continue to drive

Efforts to offer value added services keep convenience stores afloat for now

Embracing of technology to attract modern consumers

COMPETITIVE LANDSCAPE

Ready-to-eat meals keep 7-Eleven on top

Cheers introduces comparable initiatives but still lags behind 7-Eleven

Growing competition from new convenient supermarket formats

Overview

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Table of Contents

Convenience Stores in Singapore - Category analysis

HEADLINES

PROSPECTS

Convenience stores remain in backseat as supermarkets continue to drive

Efforts to offer value added services keep convenience stores afloat for now

Embracing of technology to attract modern consumers

COMPETITIVE LANDSCAPE

Ready-to-eat meals keep 7-Eleven on top

Cheers introduces comparable initiatives but still lags behind 7-Eleven

Growing competition from new convenient supermarket formats

CHANNEL DATA

Retailing in Singapore - Industry Overview

EXECUTIVE SUMMARY

Retail headwinds in 2018 but consumer demand constantly changing

Value-added services and experiential elements keep physical stores alive

Time-poor Singaporeans valuing convenience more than ever

Singaporeans becoming increasingly ardent cross-border online shoppers

Mobile commerce comes to dominate retailing landscape in Singapore

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Physical retail landscape

Cash and carry

Seasonality

Payments and delivery

Emerging business models

MARKET DATA

DEFINITIONS

SOURCES

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