News about retail

KUALA LUMPUR (May 11): Careplus Group Bhd said it is acquiring a piece of land in Oakland Industrial Park, Seremban for RM35.

KUALA LUMPUR (May 8): Shopping mall operators and retailers across Malaysia told the Ministry of Science, Technology and Innovation (MOSTI) today to immediately suspend announcements of information derived from the Hotspot Identification by Dynamic Engagement (HIDE) system on claims that HIDE's Covid-19 hotspot listing data is inaccurate.

KUALA LUMPUR (May 8): The “flagging” retail industry seems to have received a boost owing to the the Hari Raya Adilfitri shopping season, reported The Edge Malaysia.

KUALA LUMPUR (April 10): Apple fans will be delighted by this news.

KUALA LUMPUR (April 10):  The operator of the Giant brand of hypermarkets, GCH Retail (M) Sdn Bhd, will now expand by “focusing on smaller stores, in line with changes in consumer behaviour globally,” The Edge Malaysia reported this week.

KUALA LUMPUR (March 27): A Fair Tenancy Pro Tem Committee in Singapore has urged the city state’s authorities to enact “laws to ensure landlords and [retail] tenants comply with” a code of conduct, the Straits Times (ST) reported today.

KUALA LUMPUR (March 20): The local retail sector could take up to four years to recover to 2019 levels “even if a potential surge in sales from revenge shopping materialises”, The Edge Malaysia reported this week.

KUALA LUMPUR (March 17): The government has introduced new initiatives and extended existing ones for tourism, retail and other sectors that are affected by Covid-19 under the PEMERKASA stimulus package announced by Prime Minister Tan Sri Muhyiddin Yassin today.

The retail industry in Malaysia registered its worst performance in two decades last year, contracting by 16.

KUALA LUMPUR (March 8): Malaysia’s retail sales in October to December 2020 (4Q20) contracted 19.