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13 Shocking Statistics That Prove Singaporeans Love Shopping

Denise Bay
Updated

This article was originally on GET.com at: 13 Shocking Statistics That Prove Singaporeans Love Shopping

Are you a complete shopaholic who can't get enough of shopping? Whether or not we are open to admitting it is another thing, but shopping in itself, is a sacred and seemingly therapeutic ritual that many of us can’t shake off. Besides, it’s far more pleasant to be holed up in the comfort of our own home browsing and clicking away on the computer, or hitting the air-conditioned shopping malls that ply our streets rather than getting ourselves scorched and parched under the killer sun. If we go for the latter, we could also indirectly work those leg muscles and clock some legitimate miles. Score!

Well, we at GET.com have taken the liberty to suss out these 13 shocking (or not so shocking) statistics that back up Singaporeans’ love for shopping after stumbling upon a recent news report on Singaporean women’s obsession with shoes, their sole-mates. I mean, to be spending $200k in your lifetime on shoes? That's an insane, though not inconceivable, amount!

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13 Shocking Statistics That Prove Singaporeans Love Shopping

1. $204,000 is the estimated total magical figure women in Singapore will spend on shoes throughout their lifetime. Wow!

2. 46% of women here in Singapore own shoes they’ve never even worn before.

3. 89% sheepishly admit to owning shoes they’ve worn less than 5 times.

Information source: Chic Outlet Shopping

4. According to a Visa survey, Singaporeans are among the top when it comes to online shopping in Southeast Asia.

5. 71% of Singaporeans shop online at least once a month according to the Visa Consumer Payment Attitudes Study 2015, an increase from 59% in 2014.

6. US$7 billion was the estimated combined retail value of online sales in Singapore, Malaysia, Indonesia, Thailand and Vietnam in 2013 according to A.T. Kearney and CIMB ASEAN Research Institute’s study in 2015 (cited here).

7. Singapore accounted for 25%, the biggest share of the combined US$7 billion online sales.

8. Singapore’s online retail market at the end of 2015 (S$4.4 billion) was about 4 times the size it was back in 2010 in accordance to figures published by sources PayPal and SP eCommerce in 2011 and 2014 respectively.

9. 41% Singaporeans are omni-channel shoppers who shop both online and offline after browsing and researching online for information, according to Nielsen.

10. Nearly 80% of shoppers in Singapore are the Millennials and Gen-X Singaporeans.

11. In The Harris Poll, 69% of Singaporeans polled were in favour of shopping.

12. 41% of Singaporeans decided that they bought new clothes just because they were browsing innocently and the items happened to catch their eye.

13. 88% of Singaporeans are likely to share with their friends about the deals they got should they snag branded items on sale.

So, Are You A Shopaholic?

I completely feel you because I love shopping and pampering myself with new, pretty things every now and then. But hitting the “check out” buttons online so frequently or getting my debit card depleting at an unimaginably quick rate isn’t the best thing I can do for myself.

Here are some of the best shopping discount cards we reckon any shopaholic would appreciate.

Credit cards are there to help spenders save in different ways depending on our lifestyle inclinations.

If you’re a shopaholic with a penchant for online shopping like me, definitely check out our pick of the best cashback credit cards for online shopping. They may just be the things you need to help you save a little money, while you keep the latest fashion pieces fresh off the runway in sight.

And here’s GET.com’s comprehensive online shopping guide for those who’re new to this amazing world where you’ll find literally everything and anything in a matter of a few clicks. No sweat!

And it's not just fashion purchases that you can buy online, you can completely forget about lugging heavy bags of groceries home because you can arrange for merchants to deliver your groceries right to your door step.

Here you can see our pick of the best credit cards for groceries in Singapore.

So, do you enjoy the finer things in life, all things exclusive and are wishing for tête-à-tête styling sessions with fashion experts? Here are the 3 best spots you can visit for the personal shopping experiences you’ve been craving for.

What do you think? Share your comments with us below!

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