MCO sparks retail market bloodbath in 2Q, could drag sales down by 9.3% in 2020 — report
KUALA LUMPUR (Sept 2): Retailers in Malaysia recorded their worst-ever quarterly performance in the April to June 2020 period, with sales contracting by 30.
KUALA LUMPUR (Sept 2): Retailers in Malaysia recorded their worst-ever quarterly performance in the April to June 2020 period, with sales contracting by 30.
KUALA LUMPUR (Aug 29): It looks like retailers are still not out of the woods in the new normal.
KUALA LUMPUR (Aug 12): A gradual recovery is underway in the retail industry, which is signalling Malaysian real estate investment trusts (REITs) in the retail space are set to see light at the end of the tunnel after the pandemic-induced slump.
KUALA LUMPUR (Aug 6): KLCC Stapled Group saw its net profit for the second quarter ended June 30, 2020 (2QFY20) fall by 22.
PETALING JAYA (July 27): Despite office rents generally remaining stable, the resizing measures taken by some companies due to Covid-19 pandemic are likely to result in downward pressure on rentals and occupancy rates in the short-term, said Nawawi Tie Leung Property Consultants.
PETALING JAYA (July 21): Japanese homewares and lifestyle retailer Muji said that its business in Singapore and Malaysia will operate as usual despite the United States arm filing for bankruptcy protection, reported Channel News Asia.
KUALA LUMPUR (July 15): Knight Frank Malaysia, in its Real Estate Highlights for 1H2020, anticipates retail sales to gradually improve moving forward with further easing of restrictions during the current recovery phase of the movement control order (MCO).
KUALA LUMPUR (July 13): The Malaysian retail industry recorded a negative growth rate of 11.
KUALA LUMPUR (July 3): Malayan United Industries Bhd (MUI) said its unit agreed to sell a freehold retail space in Penang at below market value to conclude negotiations quickly given the current economic uncertainties.
PETALING JAYA (June 12): The average occupancy rate of malls in Greater Kuala Lumpur has remained stable, only falling marginally by 0.