News about retail

PETALING JAYA (Nov 14): They have been called different names such as fixed-price, low-priced, general merchandise or discount stores but are popularly known as RM2 stores.

PETALING JAYA (Nov 12): Six associations have jointly urged the Ministry of Federal Territories (FT) to review and reconsider the ‘free trade area’ in KL for petty traders, as announced by FT Minister Tan Sri Annuar Musa on Tuesday (Nov 10).

KUALA LUMPUR (Nov 7): The Malaysia Retail Industry Report has revealed that for the second quarter of 2020, the worst-hit retail sub-sector was department stores.

While the outlook of shopping malls in the near term remains bleak due to the third wave of Covid-19 and intense competition of online shopping, Henry Butcher Retail managing director Tan Hai Hsin is optimistic that shopping malls are still relevant in the long run.

KUALA LUMPUR (Nov 5): Shares in real estate investment trusts (REITs) dropped in the morning trading session on Bursa Malaysia today, following emerging risk of tenants dropping out for retail mall owners.

KUALA LUMPUR (Oct 17): The latest two-week Conditional Movement Control Order (CMCO) could cause retailers to lose “a whopping” RM3.

KUALA LUMPUR (Oct 3): Retail groups have questioned the rationale for restaurants with bar service to close by 11pm beginning from today as announced by the menteri besar (MB) of Selangor.

KUALA LUMPUR (Oct 3): The Covid-19 outbreak has without doubt impacted many businesses and the travel and hospitality industry is one that felt the full force.

KUALA LUMPUR (Sept 12): The Covid-19 pandemic seems to have given struggling grocers a second wind of sorts.

KUALA LUMPUR (Sept 2): Retailers in Malaysia recorded their worst-ever quarterly performance in the April to June 2020 period, with sales contracting by 30.