News about retail

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.

KUALA LUMPUR (March 17): Mydin in USJ 1 and Jaya Grocer (pictured) outlets will open 30 minutes earlier from tomorrow to cater to the elderly/senior citizens.

PETALING JAYA (March 16): 1 Utama Shopping Centre has launched a RM1 million Retail Stimulus Package last Friday, its next marketing initiative to continually boost and stimulate shoppers spending in the mall.

KUALA LUMPUR (March 14): Thailand’s biggest agribusiness conglomerate, Charoen Pokphand Group, faces daunting challenges in Malaysia after winning the bid to buy the Thai and Malaysian businesses of British retailer Tesco Plc last week, The Edge reported today.

LONDON (March 9): Britain's biggest retailer Tesco said on Monday that it agreed to sell its businesses in Thailand and Malaysia to Charoen Pokphand Group for an enterprise value of US$10.

KUALA LUMPUR (March 9): The sluggish retail market outlook, contributed by an already slowing economy and now the COVID-19 outbreak, has not deterred the spirits of AEON Co (M) Bhd.

KUALA LUMPUR (Feb 18): At least two retailers are experiencing drastic sales decline at their outlets located at tourist zones, following concerns over the 2019 novel coronavirus (COVID-19) outbreak.

PETALING JAYA (Feb 18): It is still premature to immediately give out rental rebate to retailers affected by the ongoing COVID-19 outbreak, said the Malaysia Shopping Malls Association (PPK Malaysia) in response to the joint media statement issued by several retailer groups yesterday.

KUALA LUMPUR (Feb 17): Retailers in the country are urging mall and shop unit landlords to provide rental rebates of 30% to 50% for six months from February 2020 as their businesses have been affected since the COVID-19 outbreak.

PETALING JAYA (Feb 15): The COVID-19 outbreak in China is both a boon and a bane for The Stock Exchange of Hong Kong-listed Parkson Retail Group Ltd (PRG), The Edge Malaysia reported today.