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Cover Story: Is the retail sales boom sustainable?

The Edge Markets LogoThe Edge Markets1w ago

Cover Story: Is the retail sales boom sustainable? - The Edge Markets

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Cover Story: Is the retail sales boom sustainable?

Using the second-quarter retail growth in 2020 (down 30.9%), 2021 (up 3.4%) and 2022 (up 62.5%) as examples, he explains, “Assuming second-quarter sales in 2019 were RM100, in 2020, sales would have dropped to RM69.10; in 2021, sales would have increased slightly to RM71.45.

That year, domestic tourism expenditure was higher than inbound or outbound spend, with RM103.2 billion in tourism receipts going to shopping (37.8%), automotive fuel (15%), food and beverage (14.3%), visited households (10.2%), accommodation (8.4%), transportation (6.2%), other activities (5%), and entrance fees, tickets or packages (3.1%).“The fact that RM15.6 billion was spent on petrol or diesel showed that the overwhelming number of domestic visitors drive their own vehicles.


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Article Details

Category: InvestingFinance

Topics: Growth Higher Hsin Billion Retail 2019 Sales Industry Says Tourism Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 06:00:00

News Timezone: GMT +8:00

News Source URL: theedgemarkets.com

Language: English

Reading Time: 16 minutes read

Article Length: 2861 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 462857

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About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 99 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 13h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #17

Publisher Details

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