Retailer Parkson hit by China slowdown


KUALA LUMPUR: Parkson Holdings Bhd fell deeper into the red in the October-December quarter, amid slowing retail growth in China - the company’s biggest market.

The retailer, which is closing down its flagship store at Suria KLCC on Feb 28, said on-going rationalisation of its stores will put the company in a better financial position going forward.

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