News about retail

(Feb 5): The shopping mall and retail industries and all businesses in our malls were initially relieved with the initial announcement that all business will be allowed to open with stricter SOPs.

KUALA LUMPUR (Jan 30): With the long drawn out effort to combat the Covid-19 pandemic, e-commerce has been touted as the saviour for retailers as consumers spend less time and money at physical stores.

KUALALUMPUR (Jan 27): Pavilion Real Estate Investment Trust (REIT) saw its net property income (NPI) increase by 12.

KUALA LUMPUR (Jan 25): CGS-CIMB Securities Sdn Bhd said today the worst is likely over for the share price of retail-centric CapitaLand Malaysia Mall Trust (CMMT) in anticipation that the Covid-19 pandemic vaccine rollout in March 2021 will help turn around the country’s retail sector.

The prospect of the retail sector may look gloomy during the second Movement Control Order (MCO 2.

KUALA LUMPUR (Jan 20): YTL Group has reportedly submitted its planning application to local councils for a new development called the Hangout, a pop-up village which offers tipi-style restaurants, temporary retail and entertainment space in Bristol, the UK.

KUALA LUMPUR (Jan 18): Parkson Holdings Bhd announced that Parkson Vietnam Co Ltd (PVC) had received a letter from its landlord in Vietnam alleging, among others, that PVC is required to pay a total amount of VND66.

KUALA LUMPUR (Dec 26): The retail industry is expected to turn around next year, growing at a forecast 4.

KUALA LUMPUR (Dec 2): For the third quarter of 2020 (3Q20), the Malaysian retail industry recorded a poorer-than-expected growth rate of -9.

PETALING JAYA (Nov 28): Even though there have been shocking high-profile closures such as Singapore-based Robinsons in Shoppes at Four Seasons Place and The Gardens Mall in the midst of the pandemic, there have been reports of retailers continuing to expand and opening in malls.