Modern history’s greatest health crisis, COVID-19, has had a significant impact on Singapore’s retail industry. Retail and F&B sales in Singapore fell by about SG$4 billion (US$2.95 billion) in total during the Circuit Breaker (CB) period, which was around 40 per cent of the 2020 full-year decline in the total retail and F&B sales of SG$10 billion (US$7.38 billion), as per government statistics.
Think about it. Singapore. CapitaLand. 19 malls. 2000+ stores. 1 e-Gift Voucher program. Qwikcilver. Capitaland is the largest mall operator in Singapore with 19 malls and 2000+ stores
The HR guy. The only professional who is consistently burning the midnight oil, trying to make ends meet at your workplace. And we don’t blame you for it. In fact, we admire you for your work.
The point-of-sale system should have been the endgame for retail. It has access to complete data on sales, inventory, customer etc. It can even tell you ‘what’ was bought, by ‘whom’.
A gift card is fundamentally different from a gift voucher. A gift voucher is a prepaid currency, one another medium of transaction. But a gift card carves a new revenue stream. It provides another reason for the shopper to buy.