‘Smart spending not a bane for retailers’

Careful choices: Patrons doing last-minute shopping at Mid Valley Megamall ahead of the Chinese New Year celebrations. — ART CHEN/The Star

PETALING JAYA: Shoppers are more cautious and prudent with their spending as they welcome the Chinese New Year (CNY) festivity and Ramadan fasting month period, say business groups.

Malaysian Shopping Centre Association president Phang Sau Lian said while consumers are more willing to spend, their spending decisions are simultaneously more rational, cautious and savvy.