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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 - 2 hours 59 minutes ago 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 (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Singapore Retailers say no significant drop in sales this year—end seasonChannel NewsAsia - Monday, December 22 Underprivileged children go on sponsored shopping tripChannel NewsAsia - Monday, December 22 CDAC eases income eligibility criteria for its education programmeChannel NewsAsia - Monday, December 22 Growing demand for environmentally—friendly Christmas treesChannel NewsAsia - Monday, December 22 ASEAN summit in late February may be rescheduled: reportAFP - Sunday, December 21 Enlarge Photo Retailers say no significant drop in sales this year—end season Most Popular – Singapore Viewed Global economy seen sinking into 'severe' 2009 recession: report Actress Jennifer Aniston appears naked in GQ magazine Oil prices mixed; New York contract expires below 34 dollars Let poor eat caviar: Milan authorities German Christmas cake theft sparks data scare View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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