The ongoing shift to online shopping has forced retailers across the country to invest heavily in boosting their e-commerce businesses.
Mydin hypermarket managing director Ameer Ali Mydin and Malaysian Retailers Association say prices of some goods will surely go up with SST.
The Malaysian Retailers Association says it will take at least a year for manufacturers to plan production schedules.
Clothing accounts for about $35 billion of China’s annual exports to the US, and footwear $15 billion, around 10% of the total, according to Dylan Chu, China consumer discretionary analyst at CLSA Ltd.
The 169-year-old retailer needed the CVA to go through to secure new capital from Chinese retailer C.banner.
Toys retailer Mustakim Manaf says consumers’ sentiment is starting to improve and more shoppers are now visiting malls.
More than half the respondents believe prices will drop, while 69% say their spending habits will likely change.
Subromaniam says reconfiguring a cash register systems will not take much time and can be done in half a day or after hours.
Walmart Inc has placed a bet on Tencent Holdings Ltd's mobile payment system, giving the tech giant a boost in its battle with Alibaba Group Holding Ltd for pole position in China's fast-growing payments market.
Retail association and consumer group urge banks and credit card companies to revoke errant retailers' debit and credit card payment facilities.
Sergio Avila Luengo, an analyst at IG Markets, said gaining "more visibility online" was the main challenge for Inditex if it wants to remain "competitive on the long term".
Deputy finance minister says the move is to curb the oversupply of retail space with new malls coming up across Klang Valley.
Minister Rahman Dahlan says private consumption is alive and well, but a week before CNY, retailers just aren't feeling it.
Consumer group says government agency MyCC can carry out in-depth study on supply chain and retail business, that can also raise consumer awareness on price controls.
Chevron Malaysia says the contracts of only six Caltex petrol station operators were terminated, and that it does not plan to meet the retailers over the termination.
Company hints the petrol station operators were not supportive of its 'values' and that attempts to resolve the problem failed.
They say this will allow them to bargain for a better price from petroleum producers.
Bloomberg report says many retailers are closing shop as consumers are spending less or going online for their purchases.