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Malaysia posts worst retail sales results in 22 years

The Covid-19 pandemic forced people to stay home and retail stores shut. A majority of the retail sub-sectors contracted by double digits, with the department store and fashion and fashion accessories segments shrinking the most at by 38.3% and 37.9% respectively.

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Malaysia’s 4Q20 retail sales down 19.7%

In 4Q20, the retail sub-sector that was the worst hit was the fashion and fashion accessories segment, which contracted 49.6%. Another segment that was hit badly was the department store category, which slumped 44.7%, according to the Malaysia Retail Sales Report.

 

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