Parkson expects low 3Q retail traffic despite footfall recovery

KUALA LUMPUR: Parkson Holdings Bhd expects its retailing operations to experience low traffic low in the third quarter ending Sept 30 due to the absence of major festivities, despite the gradual recovery in stores' footfall following the resumption of cross-province and cross-border travel in China.

“The group continues to stay focused on increasing stores' productivity and implementing cost improvements strategies, besides continuing to diversify the income sources to fully seize the opportunities, and promote long-term sustainable development of its businesses,” the retailer said in a filing with Bursa Malaysia.