Tan advises newcomers to invest in both online and brick-and-mortar business.
It might be easy for startups to enter the retail industry in Malaysia, but it doesn’t mean newcomers can just dive in without a second thought.
The relatively low cost of rent, labour and renovation have made it easy for anyone to set up a retail business either physically or online, with costs ranging from RM1,000 to RM250,000, said Henry Butcher Malaysia managing director Tan Hai Hsin.
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