Australia Post CEO Ahmed Fahour could pick up a few tips from Singapore’s national postal service provider, SingPost to help revive his flagging bottom line.
SingPost has been busily diversifying and the company has become a player in retail and ecommerce. Next year, it will open its new five-level Singapore Post Centre Mall, which includes the company’s flagship SingPost post office, next year.
Ruth Cooper reports
A new shopping centre set to open in Singapore mid next year will revolutionise retail for both consumers and retailers, according to the nation’s postal carrier SingPost.
The SPC (Singapore Post Centre) mall is being developed by SingPost and will combine ecommerce and bricks-and-mortar shopping under one roof. SingPost Group CEO, Wolfgang Baier, said in a statement that the company is building a disruptive concept by bringing together online and offline retail.
As the first Singaporean mall with ecommerce logistics solutions, shoppers will be able to browse, make a purchase and arrange for delivery in-store. For purchases made online they will be able to take advantage of the centre’s flexible click-and-collect timings. Retailers will save space as fulfilment will be done in a warehouse.
SingPost’s new Singapore Post Centre Mall. Pic: supplied.
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This story first appeared in RetailBiz.
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