Retail sales outlook rosy despite issues

A 6% growth rate is forecast for the retail industry in 2022

PETALING JAYA: Local retailers remain optimistic on the industry’s recovery this year despite the Omicron variant and inflationary pressure that could pose a threat to the economy and consumer sentiment.

Pavilion Kuala Lumpur retail chief executive officer Datuk Joyce Yap expects the retail sector to remain positive this year as long as no lockdowns or “heavy” movement restrictions are implemented to curb the Covid-19 infections.