The Covid-19 crisis has put the retail industry in limbo, affecting businesses ranging from food and beverage to services.
According to global market research platform Ipsos Sdn Bhd, almost half of Malaysians have increased online purchases during the pandemic, especially for food and grocery deliveries. Nevertheless, Chan said the challenge is the capacity reduction and, in certain cases, content for cinemas. Secret Recipe Group business development director Patrick Sim Chee Hong noted that due to stringent SOPs, its F&B outlets are losing customers due to limited seating.
“This is within a controlled and healthy level for our malls. We are forecasting a recovery of 75% to 85% in footfall by end-2020, and tenants’ sales are projected to recover by 50% to 60%. However, according to Fakru, the retail industry was experiencing tough times even before Covid-19, particularly its physical stores.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covid-19 brings already slowing Singapore en bloc property market to a halt | Malay MailSINGAPORE, Aug 17 — There has been no successful collective sale of residential sites in Singapore since the Covid-19 pandemic started, bringing the en bloc market, which has been slowing down since the July 2018 cooling measures, to a halt. Checks with property analysts showed that there have...
Read more »