Overview Of Retail Industry In Malaysia

At overview level by breaking down each channel group by the.

Overview of retail industry in malaysia. It was the sixth consecutive decline in retail trade but the smallest in the current sequence as the economy continued to recover from the pandemic shock. Online specialist retailers general retailers and value retailers. It considers four key channel groups. Retail trade in malaysia declined 1 5 percent year on year in august 2020 following a 3 8 percent drop in the previous month.

For the first quarter of 2015 malaysia retail industry recorded a growth rate of 4 6 in retail sales as compared to the same period in 2014. Data is presented in three ways. This latest quarterly result was above market expectation. Malaysia s retail industry will continue to play a formidable role in malaysia s nation s commercial property market.

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. For the first quarter of 2018 malaysia retail industry recorded a below than expected growth rate of 2 6 in retail sales as compared to the same period in 2017 table 1. This latest quarterly result was lower than the estimate made by members of mra at 5 4 in march 2018. Wholesale retail trade census 2019 by state.

The malaysian retail sector market is projected to witness a cagr of 3 4 during the forecast period. In the last two decades the retail industry in malaysia started to develop and grow prominently with the entry of foreign franchises into the markets. Retail group malaysia. This will be the first time the industry has contracted since the asian financial crisis in 1998.

The outlook for the retail market however did not look rosy in 2018 as an immediate rebound in consumer spending was highly unlikely. In 2018 the number of establishments for wholesale retail trade sector in malaysia recorded 469 024 as compared to 370 725 establishments in 2013 with an annual growth of 4 8 per cent. Malaysia consumer goods and retail service offers analysis data and forecasts from the eiu to support industry executives decision making. At 5 5 growth total retail sales ranging from jewellery to furniture and grocery.

Retail sales performance during the first 2 months of 2015 was below expectation despite chinese new year festival employees received bonuses and the distribution of. It is because the growing opportunities of emerging international retail franchises in asia lead them to grow and spawn rapidly throughout malaysia including the increased number of outlets specializing in bakery and confectionery industry.