News about retail

KUALA LUMPUR (June 12): It was reported recently that 2020 was the retail sector’s worst year since the 1987 recession but it was hoped that this year may see an improvement but alas, it has not turned out to be so, according to a report by The Edge Malaysia.

KUALA LUMPUR (June 9): Last year had been the worst period for retailers in Malaysia since 1987.

KUALA LUMPUR (May 20): Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) for the quarter ended March 31, 2021 (3QFY21) fell 35.

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.