Retailers in Singapore badly hit by haze, survey shows

SINGAPORE - The haze has hit local retailers badly with reduced foot traffic and sales are estimated have have dropped by 8 to 12 per cent, according to a dipstick survey by the Singapore Retailers Association (SRA).

In response to Channel NewsAsia’s queries, SRA said suburban malls have not been as badly affected as stores in the city, as most people prefer not to venture too far away from their homes.

The haze is also expected to affect mall operators and retailers’ promotional events during the June school holidays.

SRA also warned that the retail industry would be badly hit if the haze situation continues or worsens.

Many retailers, who are already facing high operating costs, could see their profit margins being further eroded, as more people stay indoors or at home. CHANNEL NEWSASIA

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