Retail Group Malaysia, the independent retail research firm has seen Malaysian retail sales rise 62.5 per cent in Q2 of this year.
The forecast for Malaysia’s retail industry has been revised and increased by nearly 20 per cent, up to 31.7 per cent from the original estimation of 13.1 per cent.
These results have out-performed the initial expectations of Malaysia Retailers Association and Malaysia Retail Chain Association members.
In the children and baby products industry, sales grew by 65 per cent year-over-year in Q2 2022, whilst sales in the pharmacy sector grew by 31.5 per cent. Over in the personal care sub-sector, purchases increased by almost 80 per cent year-over-year and furniture and furnishing, home improvement and electrical and electronics rose by almost 82 per cent.
