Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events
×

Malaysia retail sales forecast remains gloomy

Malaysian retail sales are expected to fall for the third consecutive quarter. 

Retail Group Malaysia, which prepares quarterly reports for the Malaysia Retailers Association, is now projecting total sales of RM107.5 billion (US$25.75 billion) for the financial year to March 31, a 3.7-per-cent growth over last year. However, early projections suggest a more positive performance next year with an expected growth of 4.6 per cent.

“The coming New Year will remain a challenge for the Malaysian retail industry,” said RGM MD Tan Hai Hsin. “Externally, trade disputes among countries are not expected to end soon. Internally, economic policies that can stimulate consumer spending are limited in the near term.”

Particularly worrisome figures for the supermarket and hypermarket sector predict a contraction of around 9 per cent for this year’s final quarter.

You have 7 free articles.