Festive boost expected for retailers

TheStar Mon, Feb 04, 2019 08:51am - 5 years View Original


Abundant supply: Prices of mandarin oranges have come down considerably thanks to good weather.

Abundant supply: Prices of mandarin oranges have come down considerably thanks to good weather.

DESPITE the sluggish market environment in 2018, retailers are optimistic that sales would pick up thanks to the Chinese New Year celebration.

Ban Hin Bee Sdn Bhd general manager Wilson Yeoh says consumers had held back on buying essential and household products for the most part of 2018.

   

“However, in November and December, we saw an increase in the sales of new large screen televisions, kitchen appliances, coffee machines, and wine cellars, although the pricing had gone up by 5% to 10% because of a weaker ringgit.

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