News about retail

KUALA LUMPUR (Jan 24): IGB Real Estate Investment Trust’s (IGB REIT) net profit for the fourth quarter (4Q) ended Dec 31, 2018 slipped 9.

  KUALA LUMPUR (Jan 8): Investor confidence in the Malaysian property market has showed some positive signs as the new government starts to provide more clarity and certainty in its fiscal policies, according to real estate consultancy Knight Frank Malaysia.

KUALA LUMPUR (Dec 22): Larry Michael Remsen has resigned as the chief executive officer (CEO) of Parkson Holdings Bhd’s 67.

KUALA LUMPUR (Nov 27): The Malaysian Retail Chain Association says its members posted an average year-on-year revenue growth of 5.

  Singapore’s online shopping isn’t flourishing, even following the launch of Amazon Inc’s Prime service in mid-2017.

KUALA LUMPUR (Sept 27): The Malaysian Institute of Property and Facility Managers (MIPFM) president Sarkunan Subramaniam said instead of putting a halt on new retail and office developments, the government should bring the country’s economy back on the right track to address the space glut.

PETALING JAYA (Aug 28): The last Rock Corner music store is shuttering on Sept 2 after a 28-year run, reported The Star.

PETALING JAYA (July 26): There are 11 new shopping centres and supporting retail components that are expected to enter the Klang Valley retail market by the second half of this year (2H18), Knight Frank Malaysia said in its “Real Estate Highlights 1st Half of 2018” report launched today.

PETALING JAYA (July 19): Businesses will likely be forced to pass on the burden of higher electricity charges that took effect this month to consumers, said associations representing retailers and malls.

KUALA LUMPUR (July 17): Retail Group Malaysia managing director Tan Hai Hsin believes that online retail will not replace physical retail stores.