News about retail

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.

(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.