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SINGAPORE: Some department stores are reporting higher-than-expected takings in their year-end sales.
A queue snaked around Isetan Scotts building at Orchard before 8am on Friday for post-Christmas bargains.
In fact, Isetan had to periodically hold back customers throughout the day until the crowd in the store eased a little – something that has not been done before.
One of the shoppers, Shirleen Lam, said: "I'm hoping to get some shoes and handbags, and maybe some toys for my daughter."
"Going for the camera, there are only 30 pieces, and the luggage bag," another shopper said.
Given that the economy looks to worsen next year, are more promotions in store?
Gerard Goh, sales promotions manager, Isetan Singapore, said: "We have to look at the situation, definitely have to consider very strategic promotions. But having too many would not be very fruitful actually."
Robinsons, which is also having its post-Christmas sale, is reporting better takings as well. According to the store, one of the reasons could be bigger markdowns in prices.
With Lunar New Year just a month away, the store has already started selling decorative items for the season.
Jeweller Soo Kee said while the number of transactions did not fall during this festive season, people seem to take a longer time considering the big ticket items and the amount spent on each purchase has dropped a little.
Over at Toa Payoh, the shopping scene seemed quieter even though the shops were also having year-end sales.
"Generally there's been a slight decline, not too serious, mainly because our items are priced on the low side. Shopping here is still cheaper than at the malls," one of the retailers, Poh Hua Lee, said.
It is hopeful that all this spending will go some way towards stimulating Singapore's economy.
- CNA/so
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