Retail Group managing director Tan Hai Hsin who is tabulating data for MRA members, pointed out that the conditional MCO imposed on the Klang Valley, the largest retail market in the country, had led to “a significant reduction in shopping traffic in malls, commercial centres and food and beverage (F&B) outlets.”
PETALING JAYA: Christmas and year-end festivities are usually a retailer’s dream but this year will be different.
Instead of crowded malls and bustling sales, the Malaysia Retailers Association (MRA) has further revised its negative 2.5% retail growth rate for the October-December quarter to negative 18.2%.
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