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Another MCO spells doom for sales industry, retailers warn | Malaysia

Monday, 10 May 2021 09:25 AM MYT
BY JERRY CHOONG
A general view outside the Sogo complex during the three-day closure for premises flagged as potential hotspots under the government’s Hotspot Identification for Dynamic Engagement system in Kuala Lumpur, May 9, 2021. Picture by Firdaus Lati
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KUALA LUMPUR, May 10 The implementation of another movement control order (MCO) could lead to devastating decline of the sales industry, retailers’ groups have said.
The
Malaysian Reserve quoted Malaysia Retain Chain Association (MRCA) president Shirley Tay said that many were already struggling to recover from the effects of the earlier MCOs. ....

Kuala Lumpur , Shirley Tay , Ismail Sabri Yaakob , Hai Hsin , Malaysian Shopping Malls Association , Malaysia Retain Chain Association , Retail Group Malaysia , Malaysian Retailer Association , Innovation Ministry , Hotspot Identification , Dynamic Engagement , Malaysian Reserve , Tan Hai Hsin , குவாலா லம்பூர் , ஷெர்லி தாய் , ஹாய் ஹஸின் , மலேசியன் கடையில் பொருட்கள் வாங்குதல் மால்கள் சங்கம் , சில்லறை குழு மலேசியா , மலேசியன் சில்லறை விற்பனையாளர் சங்கம் , கண்டுபிடிப்பு அமைச்சகம் , மாறும் நிச்சயதார்த்தம் , மலேசியன் இருப்பு , பழுப்பு ஹாய் ஹஸின் ,

TRX in talks with Apple Inc to open store

TRX in talks with Apple Inc to open store
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Kuala Lumpur , New Zealand , Krung Thep Mahanakhon , Sdn Bhd , Mitchell Wilson , Hai Hsin , Sogo Seibu , Apple Retail Stores , Retail Group Malaysia , Dairy Farm International , Apple Authorized Service Provider , Kimpton Hotel , Tun Razak Exchange , Sogo Kl Department Store Sdn Bhd , Apple Inc , Apple Retail , Retail Store , Apple Retail Store , Retail Stores , Tan Hai Hsin , Apple Premium Reseller , Apple Authorized Service , Lifestyle Quarter , Pavilion Kuala , Lendlease Malaysia , Japan Sogo Seibu ,

Cover Story: Winners and losers in post-pandemic era

A year after the outbreak of Covid-19, pandemic losers may gradually be transformed into winners with the economy poised to return to positive growth on the back of optimism over the vaccine programmes being rolled out around the world.
Will pandemic winners such as the glove and technology players continue to prosper? Will the tourism, retail, hospitality and manufacturing industries as well as small and medium enterprises (SMEs) move away from the dire conditions brought on by Covid-19 anytime soon?
For now, although the prices of glove stocks have eased from last year’s peaks, the super earnings cycle persists. Top Glove Corp Bhd, the world’s largest glove maker, recorded a new peak in its quarterly performance, with its net profit rising 20.76% quarter on quarter (q-o-q) to RM2.87 billion for the three months ended Feb 28, from RM2.38 billion in the preceding quarter. Similarly, Supermax Corp Bhd’s net earnings jumped 34% q-o-q to RM1.06 billion for its 2Q ended ....

Malaysia General , Muhyiddin Yassin , Sdn Bhd , Petaling Jaya , Genting Skyworlds , Hai Hsin , Datuk Michael Kang , Movement Control Order , Retail Group Malaysia , Business Conditions , Top Glove Corp Bhd , Kenanga Research , Business Survival Group , Groupm Bhd , Esprit Holdings , Group Bhd , Association Of Malaysia , Supermax Corp Bhd , Glove Corp Bhd , Prime Minister Tan Sri Muhyiddin Yassin , Koh Huat Soon , Bandar Sri Damansara , Hong Kong Listed , Speedy Video Distributors Sdn Bhd , Group Malaysia , Tan Hai Hsin ,

Malaysia posts worst retail sales results in 22 years

KUALA LUMPUR (March 8): The retail industry in Malaysia registered its worst performance in two decades last year, contracting by 16.3%, as the Covid-19 pandemic forced people to stay home and retail stores shut. A majority of the retail sub-sectors contracted by double digits, with the department store and fashion and fashion accessories segments shrinking the most at 38.3% and 37.9% respectively, the latest edition of the Malaysia Retail Sales Report (March 2021) showed.
Retail expansion forecast for 2021 has also been revised downwards to 4.1% from 4.9% after major states nationwide were once again placed under the movement control order (MCO) for the most part of the current quarter. The first-quarter performance is estimated to shrink by 13.4% before experiencing a recovery in the next three quarters. ....

Kuala Lumpur , Hai Hsin , Malaysia Retail Chain Association , Retail Group Malaysia , Malaysia Retailers Association , Malaysia Retail Sales Report , Group Malaysia , Tan Hai Hsin , குவாலா லம்பூர் , ஹாய் ஹஸின் , மலேசியா சில்லறை சங்கிலி சங்கம் , சில்லறை குழு மலேசியா , மலேசியா சில்லறை விற்பனையாளர்கள் சங்கம் , மலேசியா சில்லறை விற்பனை அறிக்கை , குழு மலேசியா , பழுப்பு ஹாய் ஹஸின் ,

Malaysia's 4Q20 retail sales down 19.7% | The Edge Markets

Malaysia's 4Q20 retail sales down 19.7% | The Edge Markets
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

Kuala Lumpur , Hai Hsin , Malaysia Retail Chain Association , Retail Group Malaysia , Malaysia Retailers Association , Klang Valley , Malaysia Retail Sales Report , Group Malaysia , Tan Hai Hsin , Malaysia Retail Sales , குவாலா லம்பூர் , ஹாய் ஹஸின் , மலேசியா சில்லறை சங்கிலி சங்கம் , சில்லறை குழு மலேசியா , மலேசியா சில்லறை விற்பனையாளர்கள் சங்கம் , கிளாங் பள்ளத்தாக்கு , மலேசியா சில்லறை விற்பனை அறிக்கை , குழு மலேசியா , பழுப்பு ஹாய் ஹஸின் , மலேசியா சில்லறை விற்பனை ,