KUALA LUMPUR: The retail industry recorded a growth rate of 18.3% in the first quarter of 2022 , spurred by better economic conditions and further easing of movement restrictions.
Shoppers returned to physical stores to enjoy what they missed during the long period of lockdowns last year.” Despite daily positive cases reaching 10,000 on Feb 6 this year, RGM said major shopping centres were still crowded on both weekdays and weekends. However, the association added that said department store operators are expecting their businesses to moderate at a growth of 14.1% during the second quarter.
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