Retailers report low sales despite high shopping traffic

Noel Achariam

Retail Group Malaysia says higher supplier costs and rising labour prices have led to lower profit margins for retailers. – The Malaysian Insight file pic, November 28, 2023.

HIGH living costs have led to Malaysian consumers spending less on retail goods and services, severely affecting outlet owners’ revenue, Retail Group Malaysia said.

Its managing director Tan Hai Hsin said this was evident in how consumers haved dined out less in recent months.

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