Grocery Sales Holding Up As Retail Outlook Dims

Malaysian retail sales are forecast to increase by just 3% in 2009, with risks to this outlook weighted firmly to the downside, according to the latest forecast from Retail Group Malaysia (RGM) - the data tabulation arm of the Malaysian Retail Association. However, BMI's forecast of 5.5% growth for the local mass grocery retail (MGR) sector underlines the superior resilience of the food channel, even if we similarly have identified downside risks to this

To read the full article, please choose one of the following options: