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Malaysia retail sales last year dropped to the lowest level in 22 years as the country has been heavily impacted by the Covid-19 pandemic. According to the Malaysia Retail Sales Report, turnover plummeted 16.3 percent last year, with most retail sub-sectors…
Singapore retail sales – excluding motor vehicles – fell 4.5 percent y-o-y last Dec, a slightly higher decline than Nov’s 2.8 percent. M-o-m sales were down 0.7 percent. DOS estimates total retail sales value at SGD3.5 billion (US$2.62 billion) and that…
Capri Holdings is expected to post a fourth straight fall in quarterly revenue on Wednesday as the blow from fresh lockdowns in Europe eclipses a China-driven recovery in sales of its luxury handbags and apparel. A spike in coronavirus infections from late…
Total retail sales of goods and revenue from consumer services in January are estimated at 479.9 trillion VND (nearly 20.77 billion USD), up 3.7 percent month-on-month and 6.4 percent year-on-year, according to the General Statistics Office (GSO).…
Retail sales in Indonesia dropped 16.3% year-on-year in November following a 14.9% fall a month earlier, a central bank survey showed on Tuesday. Sales of telecommunication types of equipment and other household goods contracted in November, the survey…
This year’s retail sales growth was much lower than 9.5 percent seen in 2019 and was also the lowest rate in the 2011-2020 period due to the significant impact of the COVID-19 pandemic. Revenue from retail sales of consumer goods exceeded 3.9 quadrillion VND,…
Hong Kong’s retail sales fell 8.8% in October, the first single-digit fall since June last year, showing further signs of a recovery after coronavirus restrictions had slammed the brakes on spending and tourism in the global financial hub. The drop compared…
Asia is currently going through widespread economic and business disruptions caused by the outbreak of the coronavirus (COVID-19), which originated in Wuhan, Hubei province in China, and the stringent government measures to contain it, threatening to stall…
The increased activity in Singapore’s retail sector hints at a bottoming out of rents by the end of this year or early next year, Knight Frank’s research team said in a report published on Friday (Oct 16). Overall retail rents are expected to fall by 10-15…
China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus. Meanwhile, the recovery in the factory sector struggled to gain momentum.…
June Indonesian retail sales fell 17.1 percent over the same month last year – but that decline was slower than during the previous month. According to data from the country’s central bank, retail sales fell by 20.6 percent in May, as the Covid-19 pandemic…
Retail sales in Indonesia have fallen by 16.9 percent during the month of April compared to last year, according to government data. The drop is the steepest within the territory in 14 years and is the result of a steady decline in retail sales of a range of…
The decline in China retail sales sparked by the advent of Covid-19 slowed substantially in May as the country continued to reopen for business. The consumer goods retail sector in China saw a year-on-year decline of 2.8 percent last month, according to the…
Singapore retail sales in February fell by 10.2 percent, excluding motor vehicles. Including motor vehicles, sales were down by 8.6 percent year on year. In releasing the data, Statistics Singapore attributed the decline to falling sales of discretionary…
Hong Kong retail sales will shrink by 5 per cent this year according to projections by PWC. Citing uncertainty clouding consumer markets across Mainland China and Hong Kong, PWC also says macroeconomic uncertainty has prompted Chinese retailers to refocus on…
Hong Kong retail sales fell by 4.5 per cent in April, contributing to a 2 per cent decrease in year to date. Worse, the Census and Statistics Department said that after netting out the effect of price changes year on year, Hong Kong retail sales fell 5 per…
