Overview Of Retail Industry In Malaysia 2020

The previous year when the malaysian retail industry had a negative growth rate was 1998 the first year of the asian financial and economic crisis. In 2018 sales turnover in the sector was reported to be about rm104 2 bil with all sub sectors suffering a decline in sales in the third quarter with the exception of pharmacy and personal. Malaysia consumer goods and retail service offers analysis data and forecasts from the eiu to support industry executives decision making.

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Malaysia Retail Sector

2020 Retail Sales Expected To Be Set Back By Rm10 9b The Edge Markets

Malaysia Retail Sector Growth Trends And Forecast 2020 2025

Retail Sales Growth Forecast For The Year Remains Bleak The Edge Markets

The retail industry received a body blow from the covid 19.

Overview of retail industry in malaysia 2020. Kuala lumpur july 13. The malaysian retail industry recorded a negative growth rate of 11 4 in retail sales for the first quarter of 2020 said retail group malaysia rgm in the malaysia retail industry report july 2020 released today rgm said this latest quarterly result was better than the estimate of negative 18 8 made in april 2020 the association said this year has been the worst. This latest quarterly result was above market expectation. For the third quarter of 2018 the malaysian retail industry achieved an encouraging growth rate of 6 7 as compared to the same period in 2017.

Malaysia s most comprehensive source of property. This will be the first time the industry has contracted since the asian financial crisis in 1998. Malaysia s retailers are expected to bring in rm10 9 billion less in sales this year after the industry cut its forecast to a 5 5 contraction from a 4 6 growth projection in december 2019. We are forecasting a recovery of 75 to 85 in footfall by end 2020.

For the whole year of 2020 the malaysian retail industry is expected to suffer a decline in sales by 5 5 as compared to last year. This is a good time for owners and retailers in the mall and retail industry to explore what the drivers are that will shape 2020 as the sector seeks to recover from a sad state of affairs in the sector. At 5 5 growth total retail sales ranging from jewellery to furniture and grocery. The malaysian retail sector market is projected to witness a cagr of 3 4 during the forecast period.