Challenges Facing the Retail Industry in Malaysia
[Marketing] With the current economic climate, it’s no wonder that retail brands and shopping malls in Malaysia are facing a very tough environment. Below is an excerpt from the article on http://www.theedgemarkets.com The weekly’s writer Chua Sue-Ann wrote that the shopping mall business has come under pressure due to a confluence of factors, like oversupply of retail space, lower tourist arrivals, weakness in domestic retail spend, lacklustre consumer sentiment, intense competition for tenants, and changing consumer preferences and behaviour. Retail consultants said they cannot remember a more challenging time for shopping malls in Malaysia. Like Savills Malaysia managing director Allan … Continue reading Challenges Facing the Retail Industry in Malaysia