News about retail

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.

KUALA LUMPUR (April 29): Pavilion Real Estate Investment Trust’s (REIT) net property income (NPI) for the first quarter ended March 31, 2016 (1QFY16) stood at RM75.

PETALING JAYA (April 23): Retail space in the Klang Valley continues to grow despite declining sales, with new malls adding more than two million sq ft last year.

INVESTORS of shoplots and shopoffices enjoyed rental yields of more than 10%, and saw their capital values grow faster than other property types, before prices started increasing in 2009, says Savills (M) Sdn Bhd managing director Allan Soo (pictured, below).