Retailers have mixed views for third quarter

Lower sales: Shoppers are seen looking for best bargains at a mall in Kuala Lumpur. Malaysia’s retail industry saw a contraction of 30.9% in sales for the April-June quarter, compared with a growth of 4.5% a year ago.

PETALING JAYA: The Malaysia Retailers Association (MRA) is expecting closures to speed up after the loan moratorium ends on Sept 30, with more job cuts in the sector, Retail Group Malaysia managing director Tan Hai Hsin said.

Although there is some semblance of normalcy today, the retail industry “has not stabilised.”