Retail sector braces for more challenges ahead

Bernard Saw

Shoppers at the Bukit Bintang retail strip. Consumer spending was muted during Christmas and Chinese New Year won’t be much different, say retail associations. – The Malaysian Insight pic by Hasnoor Hussain, January 13, 2021.

DESPITE the almost back-to-back festivities of Christmas and Chinese New Year, retailers are bracing for slow business because of the prolonged Covid-19 pandemic.

Spending will be subdued for at least the first four months of the year, with the arrival of a coronavirus vaccine bringing only a little glimmer of hope.

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