Malaysia's wholesale and retail trade plunge as online retail sales surges
KUALA LUMPUR (June 11): Malaysia's sales value of wholesale and retail trade plunged 36.
BAPE, Omotesando Koffee and David Rocco’s Dolce Vita to open in Suria KLCC
KUALA LUMPUR (June 10): Suria KLCC's newly revamped Ramlee Mall is set to welcome several new stores which will be featured for the first time in Malaysia and even in the world.
Covid-19: After videos of errant shoppers go viral, NSC sets new SOPs for retailers
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.
Covid-19: Some retailers 'likely to fold'
KUALA LUMPUR (May 18): It will be a very bad year, especially for retailers who depend on the foreign tourists, The Edge Malaysia reports.
Retail, hospitality sectors may see 15-20% closure
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.
Malaysian retail malls' occupancy at 79% in 2019, offices at 81%
PETALING JAYA (April 29): The shopping complex or retail property sector's performance was stable last year, recording an overall occupancy rate of 79.
Analysts upbeat on Sime Darby disposal of loss-making Tesco, say proceeds could be distributed as dividends
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.
Sime Darby expects RM270m net gain from Tesco Malaysia stake sale
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.
CNY, Hari Raya and surge in grocery shopping won’t avert first retail contraction in 22 years
KUALA LUMPUR (April 14): Malaysia is expected to see its first retail sales contraction in 22 years at 5.
COVID-19: HK celebrity Nicholas Tse slashes shop rental by more than 60% to help tenant
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.
