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  • Parkson Mall in Malaysia has been loss-making for three consectuive yea

    From april@21:1/5 to All on Fri Dec 6 01:00:12 2019
    SGX-listed Parkson Retail Mall in Malaysia has been loss-making sales for
    three consecutive years is now under watch list by SGX. Parkson department stores in Malaysia had closed many stores after sales were below
    expectations, and new ones were opened elsewhere to pursue new location opportunities.

    Some were resizing with some was even closed after opening for 18 months
    only. With shrinking income, the market is very challenging and very difficult. Shopping malls in the region are now going through an upheaval of collapses and and renewals.

    The online shopping business has taken a bulk away from their physical
    shopping experiences. With retrenchment on the rise and joblessness on the rise, the shopping mall will likely be filled by them.

    They will be walking around shops in shopping mall to air-condition
    themselves and day-dreaming as though they were having a job of walking
    around. They probably will under depression loitering around looking a their mobile phone.

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  • From brian lau@21:1/5 to All on Sat Dec 7 19:20:33 2019
    Good morning!
    Abt parkson mall closing....its a matter of time. If its not owned by Robert Kuok group..its aldy closed long time ago.. Other supermarkets like 'giant'...'tesco' aldy closed few outlets. Why they close?
    In sg we got tîs 'sheng sheong'.. In malaysia they got this 'NSK'...killing all their competitors..

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  • From wakalukong@yahoo.com.sg@21:1/5 to All on Sun Dec 8 16:36:06 2019
    Retailers are doomed because people, especially the young, are buying online.

    Wakalukong

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  • From brian lau@21:1/5 to All on Wed Dec 11 02:43:59 2019
    How is that Giant supermarket at tampines..(near Ikea)?
    Cos long time i havent been in Sg..
    In malaysia..most of the Giant outlets not doing well..almost alĺ malaysian supermarket being hit by 'NSK'..

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  • From wakalukong@yahoo.com.sg@21:1/5 to All on Thu Dec 12 16:52:16 2019
    Don't know about Giant Tampines, but Giant seems to be doing well generally. Retailers selling household goods must be located in the heartlands to survive.

    Wakalukong

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  • From brian lau@21:1/5 to All on Sat Dec 14 03:45:15 2019
    Previously Giant came wit a bang...very popular... Lately most of its outlets seem to fade away.. Even those private retailors tat occupied their shops witin the supermarket..u see vacant shop lots a common sight in those Giant outlets across malaysia..
    I think its becos of 'NSK' supermarket tat kill them all.. Cos its price is like wholesale price.. In fact, most foodstalĺs n restaurants got their foodstuffs frm NSK at wholesale price..they dont go to Giant to get their supplies anymore..

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  • From ngu@21:1/5 to april on Sat Dec 28 11:51:08 2019
    I'm Hong Kong based, where there is plenty of shopping centres. But
    they are not as big as those in Malaysia and I guess that's why they're
    still in business. Somehow in Hong Kong brick-and-mortar stores
    co-exist with online shopping.

    On 6/12/2019 1:00 AM, april wrote:


    SGX-listed Parkson Retail Mall in Malaysia has been loss-making sales
    for three consecutive years is now under watch list by SGX. Parkson department stores in Malaysia had closed many stores after sales were
    below expectations, and new ones were opened elsewhere to pursue new
    location opportunities.

    Some were resizing with some was even closed after opening for 18 months only.  With shrinking income, the market is very challenging and very difficult. Shopping malls in the region are now going through an
    upheaval of collapses and and renewals.

    The online shopping business has taken a bulk away from their physical shopping experiences. With retrenchment on the rise and joblessness on
    the rise, the shopping mall will likely be filled by them.

    They will be walking around shops in shopping mall to air-condition themselves and day-dreaming as though they were having a job of walking around. They probably will under depression loitering around looking a
    their mobile phone.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)