Thursday, 16 January 2014
Malaysia's retail sector saw sluggish 3.1% Q3 sales growth 马零售调查行：今年零售业料增长6%
PETALING JAYA: Malaysia’s retail industry recorded a sluggish sales growth of 3.1% in the third quarter of last year compared with 4.8% in 2012, according to a report by Retail Group Malaysia (RGM).
The drop was the lowest sales growth since the fourth quarter of 2009 when it went up by 3%.
“The Ramadan month and Hari Raya during the third quarter did not lift the overall retail sales and only retailers selling festive goods enjoyed better sales,” RGM managing director Tan Hai Hsin said in the latest Malaysia Retail Industry Report.
He also added that Bank Negara had implemented new policies on bank borrowing to control household debt in July 2013.
“Personal loans are available only for up to 10 years instead of 25 years, which should have affected sales of big-ticket items including furniture and electrical & electronics (E&E) goods.
“During this period, many retailers continued to offer steep discounts and very attractive offers to attract shoppers. Once again, their bottom line was severely affected,” he said.
Tan said the 3.1% growth in the third quarter of 2013 was 70% lower than the earlier 10.5% estimate by the Malaysia Retailers Association (MRA) retailers compiled in September last year, as well as 52% lower than the estimated 6.5% given by RGM in the same period.
Going forward, Tan said the MRA retailers expected a 4.2% increase in their businesses during the fourth quarter of 2013.
He said the expected slower growth in supermarket and hypermarket, furniture, E&E as well as personal care led to a lower overall estimate.
The department store cum supermarket operators expect to maintain their growth rate at 8.9% for the fourth quarter of 2013.
“Department store operators hope for a major turnaround with a positive growth of 9.4% for the last quarter of 2013.”
Tan said RGM was maintaining its 6% growth rate for the Malaysia retail industry in 2014 despite the “tsunami of price hikes” in recent months.
“A review on the growth rate will only be carried out after all the market changes have taken place. Cost of living of the average Malaysian has been rising since the last quarter of 2013 and the increment will be even more apparent in the first six months of this year.
Tan said Visit Malaysia Year 2014 would bring m many retailers continued to offer steep discounts any retailers continued to offer steep discounts more sales to retailers located in major city centres and popular tourist attractions in Malaysia.
（吉隆坡15日讯）今年百物价格料因电费、大道收费上扬等因素带动而纷纷攀升，但独立零售研究机构———马零售调查行（Retail Group Malaysia），则维持大马零售领域今年6%的增长率目标，比2013年4.9%的预测高。