News about retail

KUALA LUMPUR (May 19): The National Security Council has developed a new set of standard operating procedures (SOPs) for retailers to form guidelines for their operations after videos of shoppers flouting practices prescribed by the Ministry of Health (MoH) to prevent Covid-19 infections went viral.

KUALA LUMPUR (May 18): It will be a very bad year, especially for retailers who depend on the foreign tourists, The Edge Malaysia reports.

KUALA LUMPUR (May 9): The retail and hospitality sectors were among those that have been badly hit as travel had come to an almost complete halt due to Covid-19, The Edge reported today.

  PETALING JAYA (April 29): The shopping complex or retail property sector's performance was stable last year, recording an overall occupancy rate of 79.

KUALA LUMPUR (April 23): Sime Darby Bhd’s plan to sell its 30% stake in Tesco Stores (Malaysia) Sdn Bhd for RM300 million is seen as positive by analysts who say this would allow the group to exit its loss-making hypermarket business.

KUALA LUMPUR (April 22): Sime Darby Bhd has inked a deal to sell its 30% stake in Tesco Stores (M) Sdn Bhd for RM300 million.

KUALA LUMPUR (April 14): Malaysia is expected to see its first retail sales contraction in 22 years at 5.

PETALING JAYA (March 31): The COVID-19 pandemic has severely impacted the Hong Kong retail industry, but some of the landlords there have reduced rental to help their tenants survive the outbreak.

KUALA LUMPUR (March 23): Sunway Malls, the retail division of Sunway Group Bhd, is offering RM20 million rent free to non-essential retailers for the 14-day movement control order (MCO) period.

KUALA LUMPUR (March 20): Parkson Holdings Bhd’s executive chairman Tan Sri William Cheng said the retail group is currently in uncharted territory and he could not gauge the adverse impact brought by the COVID-19 outbreak and the nationwide Movement Control Order (MCO).