Retail segment poised for a better 2022

“Accumulated savings among the M40 and T20 groups, as well as potential job and income growth, are expected to spur the segment.” - HC Chan

THE Malaysian retail market is gearing up to make the best of 2022, following two straight challenging years as businesses were hit hard by the Covid-19 pandemic.

At the virtual Malaysian Property Summit 2021 earlier this month, Sunway Malls and Theme Park chief executive officer HC Chan said that the local retail sector will be spurred by private consumption drivers such as continuing fiscal support and pent-up spending.