Companies / Singapore
More Wet Markets Go As MGRs Seek Expansion Ops
October 2009 | Industry Trend AnalysisOver the course of just a few weeks, eight Singaporean wet markets have closed or received planned closure notice, with the independent fresh produce retail sites in most cases making way for new modern supermarkets. The closures have caused consternation among consumers who are concerned about both product availability and pricing in these new mass grocery retail (MGR) outlets. However, they have also created a rare opportunity for modern retail expansion on the tiny and crowded island
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