Weak sentiment: Retailers continue to depend on heavy discounts to attract consumers and as a result, their profits are eroded, according to the report.
PETALING JAYA: 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 February 2016.
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