http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_397820.html
Help for heartland stores
By Jessica Lim
Heartland stores, which are struggling to stay afloat amidst competition from major supermarket and convenience store chains as well as franchised outlets, are getting a helping hand. --ST FILE PHOTO
HEARTLAND stores, which are struggling to stay afloat amidst competition from major supermarket and convenience store chains as well as franchised outlets, are getting a helping hand.
The retailers will be given lessons on better sales practices, how to spruce up their displays, and how to keep up with latest retail trends.
A website was also launched on Wednesday, so members of the public can get quick information about the shops and what they sell. The website - www.hdb.gov.sg/where2shop - allows users to see what kind of products are being sold at shops across the island.
If a shop catches their interest, they can get its name, address, a map of its location and even how to get there.
These measures, which will benefit more than 10,000 heartland retailers, are being paid for by the Housing Board. They are designed to help neighbourhood shops hold their own against ever expanding chains.
In recent years, names such as NTUC FairPrice, Sheng Siong and Giant have set up big, well-lit, and well-stocked outlets in the heartlands. Because of their size and operational efficiency, these chains have managed to keep prices low as well.
In addition, franchised convenience stores under the 7-Eleven, Cheers or i-Econ banner, are also popping up everywhere. These stores, with their airconditioned, neat interiors and 24/7 hours, are eating into business at the neighbourhood provision shop and others.
On Wednesday, at the launch of the HDB Retail Seminar programme, Senior Minister of State for National Development and Education Grace Fu said heartland retailers need new tools to compete with big chains.
The shopping habits of double-income families, who value the convenience of large-scale shopping centres, rising affluence and the expectation of better service also threaten the Mom-and-Pop outlets in HDB estates, she said.
'Many of them have to keep up with the challenges of the newer and bigger shopping complexes that are coming up, and will have to make improvements,' Ms Fu said. Neighbourhood shops, she added, need to rethink their strategy.
Read the full report in Thursday's edition of The Straits Times.
Help for heartland stores
By Jessica Lim
Heartland stores, which are struggling to stay afloat amidst competition from major supermarket and convenience store chains as well as franchised outlets, are getting a helping hand. --ST FILE PHOTO
HEARTLAND stores, which are struggling to stay afloat amidst competition from major supermarket and convenience store chains as well as franchised outlets, are getting a helping hand.
The retailers will be given lessons on better sales practices, how to spruce up their displays, and how to keep up with latest retail trends.
A website was also launched on Wednesday, so members of the public can get quick information about the shops and what they sell. The website - www.hdb.gov.sg/where2shop - allows users to see what kind of products are being sold at shops across the island.
If a shop catches their interest, they can get its name, address, a map of its location and even how to get there.
These measures, which will benefit more than 10,000 heartland retailers, are being paid for by the Housing Board. They are designed to help neighbourhood shops hold their own against ever expanding chains.
In recent years, names such as NTUC FairPrice, Sheng Siong and Giant have set up big, well-lit, and well-stocked outlets in the heartlands. Because of their size and operational efficiency, these chains have managed to keep prices low as well.
In addition, franchised convenience stores under the 7-Eleven, Cheers or i-Econ banner, are also popping up everywhere. These stores, with their airconditioned, neat interiors and 24/7 hours, are eating into business at the neighbourhood provision shop and others.
On Wednesday, at the launch of the HDB Retail Seminar programme, Senior Minister of State for National Development and Education Grace Fu said heartland retailers need new tools to compete with big chains.
The shopping habits of double-income families, who value the convenience of large-scale shopping centres, rising affluence and the expectation of better service also threaten the Mom-and-Pop outlets in HDB estates, she said.
'Many of them have to keep up with the challenges of the newer and bigger shopping complexes that are coming up, and will have to make improvements,' Ms Fu said. Neighbourhood shops, she added, need to rethink their strategy.
Read the full report in Thursday's edition of The Straits Times.
