Retail sales outlook hazy post-GST


PETALING JAYA: The retail sales outlook appears to be uncertain in the third quarter or even next year, as people are careful with spending and are making informed choices due to the goods and services tax (GST), and oil price volatility, say retail players.

KK Group that manages a chain of over 64 convenience stores under the brand name KK Super Mart said that sales growth was higher in the first quarter of 2015 driven by the Chinese New Year festive season and pre-GST buying of essential goods.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Retail sector , economy , outlook , hazy ,

   

Next In Business News

Bursa's rally continues ahead of economic releases
Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd
Businesses concerned about rising forex woes
Booming eCommerce bolsters consumption
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
Fernandes on board Capital A for five more years
China’s prices are too low for buyers to sweat about tariffs

Others Also Read