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NTUC FairPrice is the largest supermarket chain in Singapore. The company is a co-operative of the National Trades Union Congress (NTUC). The group has more than 100 supermarkets across the island, with over 160 outlets of Cheers convenience stores island-wide.
NTUC FairPrice has partnered with ExxonMobil to run several stations with a FairPrice branding at the superette at their petrol station. The supermarket has the slogan "Singapore's very own".
On 19 January 1982, NTUC president Peter Vincent and NTUC secretary-general Lim Chee Onn were appointed as a life Trustee of Welcome. In May 1982, NTUC announced the merger of Welcome and Singapore Employees Cooperative (SEC). Welcome owned 15 retail outlets, two department stores, and a rice-packing unit, and SEC owned 19 supermarkets, four home appliance showrooms, two self-service coffee shops, and a printing workshop. On 31 January 1983, members from both cooperatives voted on the merger. The merger was approved, and the new cooperative was called NTUC FairPrice Cooperative Ltd. On 1 May 1983, FairPrice began operations. A training school was set up to train employees based on their roles and job scope. FairPrice also announced the purchase of a 1 megabyte computer and 135 Payment terminal, amounting to .
In August 2007, FairPrice opened its upmarket outlet at Bukit Timah Plaza named FairPrice Finest, after five months of refurbishment. The move was to cater to the changing tastes of Singaporeans who are increasingly well-travelled. The , two-storey outlet has an offering of products different from other FairPrice stores, and also features a Swiss-style delicatessen, a wine cellar and a European bakery.
In 2003, it entered a joint venture with DBS Private Equity, New Hope Group, Silver Tie and Taiwan's Apex Group, known as Nextmall. The venture provided merchandising, management and logistics for a fee to Nextmart which is a China incorporated hypermarket. Seven were opened in China, with its first in Shaoxing, Zhejiang. Nextmall closed in 2005 after incurring a total of $80 million in debts and over $40 million in losses.
A supermarket in Vietnam was opened in 2013 under a joint venture with Saigon Union of Trading Co-operatives, known as Co.opXtra Plus. FairPrice also operated Cheers convenience stores in Vietnam as of 2018.
Every year, FairPrice offers NTUC Union Members (NTUC cardholders) and FairPrice shareholders dividends, along with cash-back rebates for all purchases made at FairPrice supermarkets island-wide.
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