News about retail

KUALA LUMPUR (Dec 17): Retail Group Malaysia (RGM) has cut its forecast for 2015 retail sales for the fifth time due to poor retail figures achieved in the second and third quarters of the year.

BANGKOK (Dec 9): International real estate consultant firm CBRE has published a market view report of Bangkok’s office, luxury hotel and retail sectors for 3Q2015.

KLUANG: Kluang Mall in Johor has expanded its portfolio with the opening of Uniqlo, H&M and Cotton On.

Kuala Lumpur (Nov 26): GuocoLand Malaysia Bhd’s Damansara City Mall (DC Mall), part of the RM2.

KUALA LUMPUR (Nov 20): Swedish furniture provider Ikea plans to open two more stores in Malaysia in the next three years, said Ikea Malaysia, Singapore and Thailand retail director Mike King yesterday.

KUALA LUMPUR (Nov 12): The KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), saw its total distributable income for the third quarter ended Sept 30, 2015 (3QFY15) fall 2.

HONG KONG (Oct 30): Prime street shops rents are expected to drop further across all major retail districts in Hong Kong, including Hong Kong Central, Causeway Bay, Tsim Sha Tsui and Mong Kok,according to the latest Hong Kong Monthly Property Market report by Knight Frank.

  Dubai (Oct 20): Majid Al Futtaim, the leading retailer in Middle East,has achieved the highest “Green Star” status for the second year in a row from the Global Real Estate Sustainability Benchmark (Gresb).

GEORGETOWN (Oct 16): Penang’s first ‘premium outlet’ mall, Design Village Penang, in Batu Kawan, will open a month ahead of schedule in October 2016, according to Savills Malaysia managing director Allan Soo.

PETALING JAYA (Sept 22): Seremban Prima (formerly Seremban Parade), a shopping centre on Jalan Dato Bandar Tunggal, Seremban, is up for sale.