Malaysia’s retail industry is expected to grow by 5.9% in the third quarter of this year, boosted by the timing of the Hari Raya holidays, according to Retail Group Malaysia (RGM) in the latest Malaysia Retail Industry Report. RGM said the projected growth…
CapitaLand Mall Asia Ltd, CapitaLand’s wholly owned shopping mall business, has signed its first third-party management contract to manage the retail component of a mall in China. The contract with Changsha Pilot Investment Holdings Group Co is for Fortune…
The Isetan Mitsukoshi Group will open a new specialty store, Isetan The Japan Store Kuala Lumpur in Malaysia at the end of October. “As global interest in Japan continues to grow, we are pleased to introduce Japanese history, culture, technology, diversity…
Restructuring has taken its toll on FJ Benjamin Holdings’s bottom line. The fashion and lifestyle brand management company has deepened its full-year net loss to S$23 million (US$16.9 million) for its latest financial year, compared to S$17 million the…
Pos Malaysia Bhd’s net profit for its first quarter ended June 30, 2016 grew 40% to RM31.84mil, from RM22.74mil a year ago, despite operating in the current challenging environment, said group chief executive officer Datuk Mohd Shukrie Mohd Salleh. The…
Despite a sluggish retail market, 7-Eleven Malaysia had robust after tax profit, growing 40.3 per cent, in its second quarter compared with the same period last year. Gross profit margin continued to improve, and the average customer spend edged up 4 per…
Online and offline retailing in Southeast Asia is expected to merge further, according to a new study by CBRE Research Singapore. Its report It’s All About Place-making urges landlords to play their part to stay ahead in a fast-changing retail landscape where…
Singapore fashion and lifestyle group FJ Benjamin has secured exclusive rights to distribute the Marc Jacobs brand. An agreement with Marc Jacobs International allows FJ Benjamin to open Marc Jacobs stores in Indonesia, Malaysia and Singapore. FJ Benjamin…
Sunway Malls is seeing a surge in traffic and sales on the back of the launch of its Pokemon Go Lure Module earlier on 9 August- just a few days after the popular game was officially introduced in the country. The retail group said in a statement to A+M, with…
RHB Bank Bhd, which saw its bid to acquire a stake in Indonesia’s PT Bank Mestika Dharma Tbk fall through, is optimistic about the prospects in that country and and will assess the opportunities. Group Managing Director, Datuk Khairussaleh Ramli, said the…
Allianz is hoping the agreement will give access to Maybank’s 4 million customers in Asia. The insurer said it has jointly developed three life insurance products with Maybank which includes a unit-linked life insurance product compliant with Islamic Shariah…
Global apparel brand Old Navy announced today that it is opening its first store in Malaysia at 1 Utama Shopping Center, the fifth largest mall in the world, which is located in the heart of MSC Malaysia Cybercentre Township Bandar Utama. Old Navy makes…
A new fashion app, New Arrival, aims to introduce Chinese travellers abroad to lesser-known boutiques abroad. The New Arrival app serves as a platform and guide for brick-and-mortar stores Chinese shoppers might otherwise miss in their travels. Founded by…
Maxis is partnering with YouTube and Malaysia’s best storytellers to produce a Merdeka-themed film series, shot entirely using the latest cutting edge 360° cameras. Maxis will be working with award-winning filmmakers that include The Ming Thing, YouTube…
South Korean fashion brands are featuring in an online pop-up store on regional sites of online fashion portal Zalora. It’s all part of a concerted bid to expand recognition of Korean fashion bards across the broader Asia-Pacific region. Launched in…
The Swedish fast-fashion brand, H&M has set September 10 as launch date for its beauty line in Asia. After making its debut late last year, H&M beauty line will come to its Asian customers this September, with Singapore as the first destination. The first two…
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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