Retailers and F&B operators must adapt for bumpy road ahead in 2024

Surrey Hills Grocer at The Woodleigh Mall. Its outlet at One Holland Village will open in the next few months along with its dedicated pet grocer Furry Hills. ST PHOTO: CHONG JUN LIANG
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SINGAPORE – Retailers and food and beverage operators here are facing a challenging 2024, with cost of living issues and an uncertain outlook for tourism and the economy, but some firms are still willing to take a chance.

While there have been closures in both sectors in 2023, there are still others who see plenty of opportunities in the new year.

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