Retail sector takes viral and political blow

Retail Group Malaysia managing director Tan Hai Hsin

PETALING JAYA: The Malaysia Retailers Association (MRA) said the coronavirus (Covid-19) outbreak and the change in government – both unexpected events – have affected retail consumption in the first two months of this year with retailers reporting a drop in sales of as much as 80%.

If unresolved over the next couple of months, it would “drastically” affect the retail consumption pattern, Retail Group Malaysia managing director Tan Hai Hsin(pic) said in his Malaysia Retail Industry Report for March 2020.

Subscribe now for a chance to win your dream holiday!

Monthly Plan


Annual Plan


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!

Next In Business News

AmanahRaya REIT inks long-term tenancy with ALFA International College
Miti maintains investment growth projection at 5% for 2024 - Tengku Zafrul
Sterling dips, UK wage data muddles BoE outlook
ViewQwest introduces 10Gbps home broadband, starting at RM1,800 per month
Advancing EdTech
Asian stocks slump on rising trade tensions, yen firms
TSMC quarterly profit soars 36%, beating expectations
Designing with purpose
Rolling in luxury
Singapore expects 2024 growth closer to potential rate of 2-3%

Others Also Read