Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Malaysian retail sector.
Malaysia Latest News - Inside Retail Asia
Harvey Norman has told shareholders the business will not pay an interim dividend and that its executive team and non-directors will forgo 20 per cent of their salaries and director’s fees for three months.
Aeon Malaysia malls are expanding their drive-thru services to more locations following an introduction of the service using personal shoppers last month.
Japanese ramen chain Aori Ramen has declared bankruptcy after suffering from coronavirus and the boycott on Japanese goods in South Korea.
Sunway Malls has offered a 14-day rent concession to its affected non-essential retailers, following the government’s movement control order.
Premier Investments has weathered a string of global crises, including Brexit, Hong Kong protests and Australia’s bushfires to post record sales and earnings in the first half of the financial year.
Australian probiotic yoghurt brand Hey Yogurt is planning to launch 100 outlets in Malaysia this year following its Nasdaq listing in February.
Retail Group Malaysia predicts Malaysian retail sales will contract by 3.9 per cent year-on-year in the first quarter of this year.
Singaporean department-store chain Robinsons may close one of its locations in Kuala Lumpur before its lease expires due to lacklustre performance.
Laura Ashley’s UK business has been placed into administration after realising that even if it could secure funds from a third-party investor it would be too late to save the business.
Malaysian-owned clothing and home furnishings retailer Laura Ashley may go into administration if it fails to secure £15 million (US$18.44 million) in loans from Hilco Capital.
Starbucks Malaysia has collaborated with iconic local pewter manufacturer and retailer Royal Selangor to produce a collection of handcrafted merchandise exclusively for coffee lovers in Malaysia.
Starbucks Japan is to open its first signing store in early Summer 2020 in Kunitachi City, Tokyo.