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business closures due to slowdown during covid

Ysc3

By Ysc3,
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Ysc3

Ysc3

Twincharged
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On 10/10/2020 at 1:00 PM, Jamesc said:

I also suffering hard times.

How to survive like that?

:grin:

Let me t tell you how to get thru.....

At first I was afraid, I was petrified
Kept thinking I could never live without flying by my side
But then I spent so many nights thinking how it did me wrong
And I grew strong
And I learned how to get along.

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Wt_know

Wt_know

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(edited)
3 hours ago, Voodooman said:

Business are supported by JSS and rental rebates this year, so some can still pay. Next year they cannot if revenue and social distancing don't go away, so how can rent bottom up early next year?  

Can someone enlighten me please???

https://www.businesstimes.com.sg/real-estate/singapore-retail-rents-may-bottom-out-by-early-2021-orchard-malls-still-leading-decline

all looking for V shape recovery

new normal liao

wear mask, scan here scan there = life goes on

people will go out to shop and dine

hence, retail and f&b will pick up

with fewer travel out ... more people will spend $$ locally

Edited by Wt_know
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Jamesc

Jamesc

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:grin:

1 hour ago, Ysc3 said:

Let me t tell you how to get thru.....

At first I was afraid, I was petrified
Kept thinking I could never live without flying by my side
But then I spent so many nights thinking how it did me wrong
And I grew strong
And I learned how to get along.

 

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Voodooman

Voodooman

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10 minutes ago, Wt_know said:

all looking for V shape recovery

new normal liao

wear mask, scan here scan there = life goes on

people will go out to shop and dine

hence, retail and f&b will pick up

with fewer international travel out ... more people will spend $$ locally

Really, retail and F&B revenue are back to pre Covid level? 

With thin margin even before Covid as landlords squeeze out all excess profits, even a 10-20% gap is hard to cover.

 

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Jman888

Jman888

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13 minutes ago, Voodooman said:

Really, retail and F&B revenue are back to pre Covid level? 

With thin margin even before Covid as landlords squeeze out all excess profits, even a 10-20% gap is hard to cover.

 

F&B more or less recover, if pre covid they were half occupied, at least now they look full and people queuing due to safety distancing [laugh]

retail still quite bad for some, fashion is one of them, with people wfh they dun need to replenish new clothing every month (yes, OLs in CBD replenish 3-6 pieces every month) [sweatdrop]

 

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Voodooman

Voodooman

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1 minute ago, Jman888 said:

F&B more or less recover, if pre covid they were half occupied, at least now they look full and people queuing due to safety distancing [laugh]

retail still quite bad for some, fashion is one of them, with people wfh they dun need to replenish new clothing every month (yes, OLs in CBD replenish 3-6 pieces every month) [sweatdrop]

 

Thanks for sharing but with social distancing, previously you can seat 50, now you can only seat 35?  That is 30% revenue gone forever. 

My usual 24 hours supper place told me they are operating until 2am these days as bo lang. 

So i really doubt F&B's revenue are back to pre Covid level. 

Next year how to survive with less JSS and rental rebates? 

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Wt_know

Wt_know

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(edited)
25 minutes ago, Voodooman said:

Thanks for sharing but with social distancing, previously you can seat 50, now you can only seat 35?  That is 30% revenue gone forever. 

My usual 24 hours supper place told me they are operating until 2am these days as bo lang. 

So i really doubt F&B's revenue are back to pre Covid level. 

Next year how to survive with less JSS and rental rebates? 

survival will be tough

but your question is “bottoming out” ma

which is also correct that the “worst” (100% lockdown) is over

cannot be worst than lockdown

some will survive some will close 

new normal will set in until covid is forgotten like sars

Edited by Wt_know
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Voodooman

Voodooman

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1 hour ago, Wt_know said:

survival will be tough

but your question is “bottoming out” ma

which is also correct that the “worst” (100% lockdown) is over

cannot be worst than lockdown

some will survive some will close 

new normal will set in until covid is forgotten like sars

During lockdown, G paid for rental and 75% JSS, F&B still operating with delivery and takeaways.  Lockdown may not be so bad for some F&B.

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Voodooman

Voodooman

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On 10/16/2020 at 8:00 PM, Wt_know said:

survival will be tough

but your question is “bottoming out” ma

which is also correct that the “worst” (100% lockdown) is over

cannot be worst than lockdown

some will survive some will close 

new normal will set in until covid is forgotten like sars

https://www.businesstimes.com.sg/asean-business/restaurants-and-catering-sector-preparing-for-new-normal-dbs-research

Cut cost to survive? Wages will be cut with NWC endorsement, along with rental. Think serving size / portion also cut cut. 

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Staff69

Staff69

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(edited)

Fret not, opportunities are around. Just have to open your mind, step out of your comfort zone and grab it.

 

 

 

For Jamesc 

 

Edited by Staff69
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kobayashiGT

kobayashiGT

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4 minutes ago, Jman888 said:

slowly the bigger one closing down [sweatdrop]

https://www.straitstimes.com/singapore/robinsons-to-close-stores-at-the-heeren-and-raffles-city?utm_campaign=STFB&utm_medium=Social&utm_source=Facebook&fbclid=IwAR3H3p3nbJeaOFO-ubqHAyGTNve6XxHQnqAsecROoo2v1MNss-ava-EAONM

I don't think this is covid affected. I think is the e-commerce have eaten their market share.

With 5G network, there will be more retail death.

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Jman888

Jman888

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Just now, kobayashiGT said:

I don't think this is covid affected. I think is the e-commerce have eaten their market share.

With 5G network, there will be more retail death.

they still have many loyal uncle aunties customers, the Heeren outlet was not a good location though.

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13177

13177

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7 minutes ago, Jman888 said:

they still have many loyal uncle aunties customers, the Heeren outlet was not a good location though.

Hopefully OG would not close down? Lol.

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Mockngbrd

Mockngbrd

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13 minutes ago, Jman888 said:

they still have many loyal uncle aunties customers, the Heeren outlet was not a good location though.

Heeren one was very nice. But... I go tangs instead cos of member rebate 

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