Just Published: "Malaysia Retail Report Q2 2016"

From: Fast Market Research, Inc.
Published: Tue Feb 23 2016

In 2015, Malaysia's retail market suffered from the rapid depreciation of ringgit as well as the introduction of the Goods and Services Tax, which significantly dented sales, particularly in the second half of the year. While these factors will remain in play during the first quarters of 2016, we believe the country's retail sales will recover in 2016 on account of sustained Malaysia's economic growth, rising household incomes and accommodative monetary policy. That said, we note that precipitous household debt levels pose a downside risk to our forecasts, especially over the medium term.

Latest Updates & Developments

CJ O Shopping Co, a home shopping unit of CJ Group, in a joint venture with Media Prima TV Networks, will launch a new shopping channel in Malaysia in the first half of 2016.

Full Report Details at
- http://www.fastmr.com/prod/1119144_malaysia_retail_report_q2.aspx?afid=301

In early 2016, GCH Retail, Dairy Farm's subsidiary in Malaysia, said it will open six new hypermarkets in 2016 and renew 28 stores. The new outlets will be situated in Setapak (Kuala Lumpur), ICangar (Kedah), Kota Baru (Kelantan) and Jeneh (Terenggam), with the final two locations yet to be announced.

According to Malaysian Employers' Federation, retailers experienced a major drop in sales with some registering a more than 40% decline over festive periods in the second half of 2016. The introduction of the Goods and Services Tax in April 2015, as well as ringgit's depreciation against US dollar were named as the key reasons behind the decline.

Malaysian convenience store operator Bison Consolidated plans to open 150 new outlets by 2017. As of late 2015, the company operated around 240 news-stands and convenience stores under myNews, Newsplus, MagBit and The Front Page brands.

According to reports in late November 2015, Malaysian department store retailer Parkson will launch a new fashion brand LOL, in partnership with a newly established company Super Apparel Supply.

The Malaysia Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Malaysia Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits
Benchmark BMI's independent retail industry forecasts for Malaysia to test other views - a key input for successful budgeting and strategic business planning in the Malaysian retail market.

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You may also be interested in these related reports:

- Hong Kong Retail Report Q2 2016
- Singapore Retail Report Q2 2016
- BMI India Retail Report Q2 2016
- Mexico Retail Report Q2 2016
- Egypt Retail Report Q2 2016

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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