Retail Industry In Malaysia Pdf
For the second quarter of 2018 malaysia s retail industry reported a growth rate of 2 1 in retail sales as compared to the same period in 2017 table 1.
Retail industry in malaysia pdf. Wholesale retail trade census 2019 by state. Kuala lumpur sept 12. To raise the status and professionalism of retailing through education.
At 5 5 growth total retail sales ranging from jewellery to furniture and grocery. It said members of malaysian retail association projected the second quarter. To exchange and share information on common issues.
Malaysia s retail industry reported a year on year y o y growth rate of 4 5 in retail sales in the second quarter of 2019 2q2019 according to retail group malaysia rgm. For the third quarter of 2018 the malaysian retail industry achieved an encouraging growth rate of 6 7 as compared to the same period in 2017. Malaysia retailers association a recognised representative of the retail industry by ministries other authorities.
This will be the first time the industry has contracted since the asian financial crisis in 1998. Retailing industry in malaysia has been transforming from traditional grocery retail shops to supermarkets and expanded into hypermarkets. This latest quarterly result did not meet market expectations.
Members of mra projected the second quarter growth rate in june 2018 at 6 0. The malaysian retail sector market is projected to witness a cagr of 3 4 during the forecast period. This latest quarterly result was lower than the estimate made by members of mra at 5 4 in march 2018.
To represent a unified voice and lobby on issues that affect all retailers. It is expected that food and beverage retail prices will be slightly lower around 3 percent from savings of input costs. Although the malaysian economy recorded a more subdued performance during the year consumer sentiment continued to improve as long term economic stability supported a general improvement in the finances of many households.
Hypermarket retailing is a common industry to everyone. In its september 2019 retail industry report rgm said this latest quarterly result did not meet market expectation. For the first quarter of 2018 malaysia retail industry recorded a below than expected growth rate of 2 6 in retail sales as compared to the same period in 2017 table 1.
2019 saw the malaysian retailing industry register stronger growth than was seen during 2018. Malaysia s retailers are expected to bring in rm10 9 billion less in sales this year after the industry cut its forecast to a 5 5 contraction from a 4 6 growth projection in december 2019. Malaysia s retail sector is forecast to spur consumer spending in retail food and beverage industry with the abolishment of goods services tax gst effective june 1 2018.
This latest quarterly result was above market expectation.
