Now Available: Malaysia Retail Report Q1 2015

We have upgraded our full-year GDP forecast for Malaysia from the previous 4.5% to 5.8% on the back of increased domestic consumption, which bodes well for the continuing health of the retail market - particularly areas such as furnishing & home. However, the retail market is expected to temporarily soften with the implementation of the Goods and Services Tax on April 1.

Our Malaysia retail report provides a comprehensive forecast of various retail indicators including household spending and headline total spending across each retail subsector; household income and employment forecasts; demographic forecasts; and a detailed breakdown of household and per capita spending across a large number of retail areas, including food & drink, clothing & footwear, household goods, and a number of other subsectors.

Full Report Details at
- http://www.fastmr.com/prod/904291_malaysia_retail_report_q1_2015.aspx?afid=301

Hypermarkets, supermarkets and department stores increasingly characterise the Malaysian retail market, with domestic and international retailers keen to attract consumers - particularly in the younger age brackets - with rising levels of disposable income to spend on premium goods.

Retail sectors such as fashion, furnishings and electronics are all flourishing, with recent entrants to the market including Superdry and Cath Kidston. Department stores Galeries Lafayette and Takashimaya are also reported to be planning launches. At the same time, food chains such as GCH Retail and The Store Corporation are expanding their product ranges to include home appliances in order to take advantage of the trend towards non-essential purchasing.

We thus see long-term potential in the Malaysian consumer market, particularly for non-essential items and aspirational purchasing by a growing, affluent middle class. We forecast the average net household income will be USD22,887 in 2015, with a large percentage (68.2%) of households already in the middle-income wage bracket of USD10,000-plus. By 2018, our data suggest that 75.4% of households will...

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