“They expanded aggressively throughout the country during the 2000s. With the current economic condition that has not improved until now, it is not a surprise for them to close under-performing stores, ” said Retail group Malaysia MD Tan Hai Hsin (filepic). “The closure is not expected to be worsened than this year, unless a recession occurred next year, ” Tan said
PETALING JAYA: Supermarket and hypermarket operators in Malaysia are going through a consolidation stage, Retail Group Malaysia managing director Tan Hai Hsin said.
“They expanded aggressively throughout the country during the 2000s. With the current economic condition that has not improved until now, it is not a surprise for them to close under-performing stores, ” he said.
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