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


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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Maju Junction , Parkson , Sogo

Next In Business News

MMHE posts net profit surge to RM60.59mil in 2Q
Velesto posts breakeven net profit in 2Q, declares 0.25c div/share
FBM KLCI enters midday unchanged after narrow trading
Oil set for second weekly rise as unsettled US-Iran war crimps supply
Operational excellence key to Asean's energy transition - TNB
Oppstar Technology, Alphaswift Industries gain access to Arm Technology
Ringgit opens higher against major currencies, eases vs US$
FBM KLCI little changed as traders stay defensive
Japan's core inflation accelerates in July, bolsters case for rate hike
Trading ideas: Dnex, YTL Power, Mah Sing, IJM, Hua Yang, TXCD, TM, Kossan, Genting, MPI, Kelington, YTL

Others Also Read