WITH a gloomy economic outlook, slow tourism growth and increased congestion charges, some Orchard Road retailers have seen a slowdown in business recently.
A Straits Times survey of 62 tenants in six malls along the Orchard Road belt found that more than half have experienced a nosedive in receipts, particularly in the last few weeks.
Sales for a spectrum of businesses, from restaurants and cafes to fashion retailers and salons, has tailed off by about 10 to 30 per cent.
Read Tessa Wong's and Sumathi V. Selvaretnam's full story in Monday's edition of The Straits Times.
