Malaysia's Q1 retail sales below forecast


Tan: ‘The retail result of the first three months of this year was positive because of several incentives introduced by the Government since late last year.’

PETALING JAYA: Malaysia's retail industry recorded sales growth of 6.9% in the first quarter of this year, which was lower than retailers' initial forecast of 12.1%, according to Retail Group Malaysia.

“The retail result of the first three months of this year was positive because of several incentives introduced by the Government since late last year,” Retail Group Malaysia managing director Tan Hai Hsin said in the latest Malaysia Retail Industry Report.

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