News about retail

SINGAPORE (Nov 16): Dark clouds are gathering for Singapore real estate investments trusts (REITs).

KUALA LUMPUR (Oct 13): Despite the apparent weak consumer sentiment since the implementation of the goods and services tax in April last year, the Malaysian retail scene remains energetic with more global brands getting a foothold in the country, said the Performance Management and Delivery Unit (Pemandu).

Parkson Holdings Bhd (Sept 14, 81 sen) Maintain underperform with an unchanged target price of 70 sen: Parkson Holdings Bhd’s 54.

KUALA LUMPUR (Sept 14): Parkson Holdings Bhd is disposing of its interest in an indirect wholly-owned China subsidiary along with the relevant shareholders’ loan which it says will boost its current year earnings by RM300 million.

WHEN KK Group saw sales at many of its 24-hour KK Super Mart convenience stores and KK Kopitiam surge last weekend, it could not immediately put a finger on what was going on.

PETALING JAYA (Aug 11): Consumer spending remains a key challenge in the Malaysian retail industry with many continuing to hold back on purchases due to growing concerns on the rising cost of living and weaker job prospects, said property consultancy firm Knight Frank Malaysia in its Real Estates Insights research report for 1H2016.

WITH saturation and lower retail sales, the number of shopping centres that have been put up for sale or have been sold has been visibly higher over the past nine months.

KUALA LUMPUR (Aug 5): Pavilion Elite, an extension to Pavilion Mall Kuala Lumpur, is expected to open its doors to shoppers in November.

PETALING JAYA (July 27): Developers need to change how shopping malls are developed to incorporate experiential engagement with consumers, Knight Frank retail consultancy and leasing associate director Rebecca Phan told TheEdgeProperty.

MALAYSIA has many malls, especially in the Klang Valley — from mega and strata-titled shopping centres to neighbourhood malls.