‘Proper retail mix’ ensures success of shopping malls

PETALING JAYA: The oversupply of retail malls in Malaysia seems to be a rising issue now with the industry not only witnessing similar tenancy mix and offerings but also sudden closure of businesses while some postponing their openings.

Weak consumer sentiment, intense competition for tenants and changing consumer preferences and behaviour are some the factors that has resulted in the shopping mall business to come under pressure, according to reports.