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Retail chain to open hypermarkets in Batu Pahat, Muar and Ayer Keroh
IT’S a well-known fact that the local retail sector has been under pressure for quite some time – what with the endless supply of incoming space and slowdown in consumer spending.
SUBANG JAYA: Hypermarket operator and retailer Mydin Mohamed Holdings Bhd expects flattish to minimal growth for the local retail industry in 2018 - but is hopeful that the upcoming General Elections (GE) next year will boost consumer spending.
KUALA LUMPUR: The weaker ringgit against the US dollar was the main factor for losses incurred by Mydin Mohamed Holdings Bhd in 2016, and not the implementation of the goods and services tax (GST) or government policies.
SEREMBAN: Mydin Mohamed Holdings Bhd (Mydin) is confident of achieving its sales target of RM3.8bil for the financial year (FY) ending March 31, 2017, supported by the opening of seven hypermarkets nationwide.
KUALA LUMPUR: PMB Investment Bhd, a member of Pelaburan Mara Bhd, has revised downwards its target for assets under management (AUM) to RM1.6bil from RM2bil next year.