Sheng Siong Group

[CityFarmer]

The online store, and extended operation hours, helped in pushing up both the GPM and NPM, with higher same-store sales, online sales, and higher margin items e.g. flesh products.

(happily vested)

Errrmmmm......CityFarmer..... O__o"

I do buy flesh products from Sheng Siong, ie. chicken, pork and fish.

No wonder SS margins so HIGH ! Will "Invest More" at right time HA HA

(Vested)

Fresh items e.g. veg and meats, are very high margin items, which are available in the company online store, as well as in its retail stores.

RedMart is also targeting on similar products. There are hurdles to ensure the fresh items are delivered in expected quality, and with minimum waiting time. SS did it now, and RedMart is catching-up...