KUALA LUMPUR: The Malaysia retail industry recorded a more-than-expected growth rate of 5.8% in sales in the second quarter ended June 30, 2010, compared with 4.1% a year ago.
The Malaysia Retailers Association (MRA) said on Wednesday, Sept 13, the 5.8% growth was above Retail Group Malaysia's estimate of 3.5%. However, it was below retailers' expectation of 7.1%.
When compared with the first quarter ended March 31, 2010 where sale grew 7.9%, there was a marked slowdown in the second quarter, even at the school holiday period.
'Profit margin of retailers improved by 4.3% during the second quarter of 2009. This is very encouraging for the industry considering the heavy discounts and regular promotions required to get consumers to spend,' said the MRA.
The Malaysia Retailers Association (MRA) said on Wednesday, Sept 13, the 5.8% growth was above Retail Group Malaysia's estimate of 3.5%. However, it was below retailers' expectation of 7.1%.
When compared with the first quarter ended March 31, 2010 where sale grew 7.9%, there was a marked slowdown in the second quarter, even at the school holiday period.
'Profit margin of retailers improved by 4.3% during the second quarter of 2009. This is very encouraging for the industry considering the heavy discounts and regular promotions required to get consumers to spend,' said the MRA.
No comments:
Post a Comment