Retail industry sales to shrink 8.7% this year


A Health ministry personnel arriving at a screening centre located at Section 3, Petaling Jaya. - May 10,2020. - SHAARI CHEMAT /The Star

KUALA LUMPUR: Retail Group Malaysia expects the country's retail industry sales to shrink by 8.7% this year which is worse than April’s forecast of a 5.5% decline as the sector was badly impacted by the measures to curb the spread of the Covid-19 pandemic.

It said on Monday members of Malaysia Retailers Association (MRA) had in a survey on their retail sales performances for the first half of 2020, described this year has been the worst period for retailers in Malaysia since 1987.

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