KUALA LUMPUR (June 12): It was reported recently that 2020 was the retail sector’s worst year since the 1987 recession but it was hoped that this year may see an improvement but alas, it has not turned out to be so, according to a report by The Edge Malaysia.
KUALA LUMPUR (April 17): There seems to be an increase in investor interest in grocers in secondary towns, The Edge Malaysia reported this week.
KUALA LUMPUR (March 20): The local retail sector could take up to four years to recover to 2019 levels “even if a potential surge in sales from revenge shopping materialises”, The Edge Malaysia reported this week.
KUALA LUMPUR (Dec 26): The retail industry is expected to turn around next year, growing at a forecast 4.
PETALING JAYA (Nov 28): Even though there have been shocking high-profile closures such as Singapore-based Robinsons in Shoppes at Four Seasons Place and The Gardens Mall in the midst of the pandemic, there have been reports of retailers continuing to expand and opening in malls.
KUALA LUMPUR (Oct 17): The latest two-week Conditional Movement Control Order (CMCO) could cause retailers to lose “a whopping” RM3.
KUALA LUMPUR (Aug 29): It looks like retailers are still not out of the woods in the new normal.
PETALING JAYA: Malaysia could expect many retail shops, especially in tourist-dependent areas in the country, to close down due to the impact of the recent COVID-19 outbreak coupled with economic and political turmoils in the country.