Tag Archives: Retail Group Malaysia

June 11

Malaysian retail industry sales falls 4.4% in Q1

The Malaysian retail industry recorded a 4.4% fall in sales in the first quarter of this year compared with a 4.6% growth a year ago, according to Retail Group Malaysia. The fall was attributed to higher pre-goods and services tax (GST) sales a year ago, as well as the weak Chinese New Year sales in […]

July 03

Gloomy retail outlook for the first quarter

The lower-than-ex­pected retail sales performance for the first two months has led Retail Group Malaysia (RGM) to revise the country’s projected retail sales growth rate for this year down­wards for the second time to 4.9% from 5.5%, writes Laura Lee. Its previous revision from 6% to 5.5% was made on Jan 26, when RGM released […]