Shoppers walk past a sale sign on display in front of a retail outlet in the Mid Valley Megamall, Kuala Lumpur March 14, 2018. — Picture by Shafwan Zaidon
RGM said retail sales growth rate was 3.9 per cent in 2018 year-on-year, despite the failure of a three-month tax holiday to lift the industry. RGM added that retail sales were expected to expand by 3.9 per cent during the third quarter of 2019 before spiking to 5.9 per cent during the year-end period, owing to more economic activities during the second half of this year to boost retail sales.
Source: News Formal (newsformal.com)
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