Malaysia retail remains challenging in short to mid term

The Edge - By Rachel Chew January 23, 2018

Soo: The outlook for the short term is challenging. We will be seeing flat growth in fast fashion and grocery. But cosmetics and F&B will see sales increases. (Photos by Low Yen Yeing/EdgeProp.my)

KUALA LUMPUR (Jan 23): Savills (Malaysia) Sdn Bhd deputy executive chairman Allan Soo expects the retail market to remain challenging in the short to mid term, mainly due to disruption of e-commerce industry.

“The outlook for the short term is challenging. We will be seeing flat growth in fast fashion and grocery. But cosmetics and F&B will see sales increases. For the mid term, it would remain challenging because we will see more supply added to the market, so there may be some consolidation activity in the market. I’m also expecting some changes to the industry landscape,” said Soo in his session titled “Retail market performance and outlook” in the 11th Malaysian Property Summit 2018.

The event was organised by the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) at the Sime Darby Convention Centre.

The Edge