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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Government Education Search Search: Retailers say no significant drop in sales this year—end season Channel NewsAsia - Monday, December 22 SINGAPORE: Singaporeans appear to be heeding the call to shop this festive season despite the recession. Retailers in both Orchard Road and the suburban areas said they have not seen a significant drop in sales. Christmas lights and candy canes line Orchard Road and malls are going all out to lure the crowds. Said one man in the street: "I still maintain the same budget unless I get any bad news for my job. But so far, it is still okay for me." A CapitaLand spokesperson said some of the group’s malls like Raffles City and Tampines Mall have even seen an increase in shopper traffic. Another large retailer is also optimistic. Edward Tan, director, Operations Metro, said: "I expect things to be quite normal. I don’t foresee anything bad until after Chinese New Year." The growth of sales in the suburbs is not surprising as some shoppers said they have adjusted their budgets and are shopping more in the heartlands. Said another man in the street: "I used to shop at the Orchard Road area, but now I go to Chinatown as I find it cheaper here." However, some heartland shopkeepers at Toa Payoh Central reported a drop in sales. But most also acknowledged that while customers may be more particular about what they buy, the economic downturn has not had a significant impact on their sales so far. With extended shopping hours and discounts attracting shoppers, not only in Orchard Road but in suburban areas, retailers appear to be winning the battle against the economic downturn, at least for now. — CNA/vm Email Story IM Story Printable View Blog This Recommend this article Average (6 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Singapore Singapore Flyer’s builder arrives as police probe breakdown incidentChannel NewsAsia - 1 hour 14 minutes ago Neighbourhood retailers start sales of Lunar New Year goodsChannel NewsAsia - 2 hours 27 minutes ago School bus operators busy getting vehicles retrofitted with safety beltsChannel NewsAsia - 2 hours 28 minutes ago Visitor arrivals to S’pore drop 9.7% on—year in NovemberChannel NewsAsia - Saturday, December 27 Some department stores reporting higher—than—expected takingsChannel NewsAsia - Saturday, December 27 Enlarge Photo Retailers say no significant drop in sales this year—end season Most Popular – Singapore Viewed Actress Jennifer Aniston appears naked in GQ magazine Tough times seen ahead for British, Japanese economies Australian 'mummy smuggler' arrested in Cairo Funeral of Guinea strongman as junta tightens grip Weather outside frightful for US, Canada travelers View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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