Padini to face pressure from challenges in retail sector outlook

PETALING JAYA: A challenging retail sector outlook, amid inflationary pressures, could have an impact on Padini Holdings Bhd.

Apart from inflationary pressures, TA Research, in a report ,said the retail sector in general continues to face challenges stemming from escalating costs and trade tensions, all of which could erode purchasing power.“On a positive note, we expect the fourth quarter of its current financial year (4Q24) performance to remain satisfactory, driven by the affordable product offerings and ongoing efforts to optimise costs.