Parkson’s exit a sign of tough times for retail stores?


  • Markets
  • Friday, 02 Feb 2018

Not sustainable: A file picture of Maju Junction shopping mall in Jalan Tuanku Abdul Rahman. Parkson says it exited the mall as sales at the outlet there were not sustainable.

Company says the outlet at Maju Junction Mall underperforming

PETALING JAYA: The sudden exit of the Parkson departmental store as a tenant from the Maju Junction Mall in Kuala Lumpur is another sign of challenging times for retail stores in Malaysia.

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 , Maju Junction , Parkson , Sogo

   

Next In Business News

Ekuinas acquires 80% stake in pharma ingredients producer Symbiotica
LPI Capital expected to lead in fire class insurance market
MKHOP makes market debut with 1.6% premium
K-Konsult and Vimigo in investment collaboration
Plant in fire outbreak not Kossan unit
Capital A positive about higher returns this year
Bangkok airports set for US$4.8bil expansion
Lamborghini tiptoes toward EV with new SUV
Kucingko to be first animation studio to be listed
Tasco posts weak earnings due to international freight forwarding ops

Others Also Read