Retail Group Malaysia (RGM) predicts Malaysian retail sales will contract by 3.9 percent year-on-year in the first quarter of this year. The estimate is based on footfall having halved during the coronavirus outbreak, contradicting RGM’s expectation earlier…
Australian probiotic yogurt brand Hey Yogurt is planning to launch 100 outlets in Malaysia this year following its Nasdaq listing in February. The brand – which combines Australian yellow peaches with grain and yogurt and is marketed as a low-sugar, low-fat…
Singapore banks could face further headwinds after Malaysia announced a nationwide lockdown that will last till the end of March. High connectivity to Malaysia is expected to weigh in for Singapore banks, most notably UOB and OCBC which source 11 and 14…
Singaporean department-store chain Robinsons may close one of its locations in Kuala Lumpur before its lease expires due to lackluster performance. The store launched a four-story 20,000sqft space in The Shoppes in Four Seasons Place less than two years ago,…
Retail Group Malaysia (RGM) predicts Malaysian retail sales will contract by 3.9 percent year-on-year in the first quarter of this year. The estimate is based on footfall having halved during the coronavirus outbreak, contradicting RGM’s expectation earlier…
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. According to reporting in Retail Gazette, the firm is currently in talks with the…
Shopee Malaysia has launched a fresh food grocery delivery service, including vegetables, seafood, and poultry. Ian Ho, regional MD of Shopee, says Malaysia’s e-commerce market is in a hyper-growth stage. “For us, that means it is not time to slow down. We…
Tesco executives and advisors will this week start evaluating offers for its Thai and Malaysian businesses following Friday’s deadline for binding offers. However, with the asset valued somewhere in the region of US$9 billion, there is no certainty any of the…
7-Eleven Malaysia set a full-year sales record last year after revenue rose 6.4 percent to $33.76 billion. Much of the growth came from network expansion, but same-store sales rose 2.5 percent, despite declining cigarette sales. The company opened 165 new…
Malaysian convenience-store chain 99 Speedmart has opened three mini-market stores in Singapore. According to IGD, the 99 Speedmart stores in Singapore follow the same concept as Malaysia’s stores and range in size from 250 to 500sqm. They trade from 10am to…
Malaysian shopping-center operator Sunway Malls is taking an extended period to consider its position on rental rebates to its retail tenants amidst the coronavirus outbreak. The firm says it will follow the guidance of the Malaysia Shopping Malls…
Indonesian beauty brand Natasha Skincare to launch in Malaysia Indonesian beauty brand Natasha Skincare is to launch in Malaysia after forming a local joint venture with JCG Investment. The new company, Natasha Beverly, will launch this month in Kuala…
Embattled Malaysian-owned fashion and lifestyle retailer Laura Ashley has reported a 166-per-cent increase in half-year loss to £4 million, citing lower sales of home furnishings and Brexit uncertainty in its key UK market. But on a positive side, the company…
AirAsia Group Bhd is offering 30% off all its flights out of Kuala Lumpur from now until Feb 23, except those operated by AirAsia India and AirAsia Japan. The special sale is for travel between Feb 24 and Sept 30. In a statement today, AirAsia said the…
High-end supermarket Jasons Food Hall is closing its business at Kuala Lumpur’s Bangsar Shopping Centre after 20 years of trading. The store, which is owned by Hong Kong-headquartered Dairy Farm International, is now conducting a closing down sale – with the…
International fashion lingerie and apparel label 6ixty8ight has made its debut on Shopee and SGG.com. The move follows the brand’s expansion into e-commerce following the launch of its own online sales platform in November last year and the establishment of a…
Retail Academy: Malaysia
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Who the landlords are, how leases are structured, what drives rent, and how to choose a location in Malaysia.
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