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Cover Story: Winners and losers in post-pandemic era

A year after the outbreak of Covid-19, pandemic losers may gradually be transformed into winners with the economy poised to return to positive growth on the back of optimism over the vaccine programmes being rolled out around the world. Will pandemic winners such as the glove and technology players continue to prosper? Will the tourism, retail, hospitality and manufacturing industries as well as small and medium enterprises (SMEs) move away from the dire conditions brought on by Covid-19 anytime soon? For now, although the prices of glove stocks have eased from last year’s peaks, the super earnings cycle persists. Top Glove Corp Bhd, the world’s largest glove maker, recorded a new peak in its quarterly performance, with its net profit rising 20.76% quarter on quarter (q-o-q) to RM2.87 billion for the three months ended Feb 28, from RM2.38 billion in the preceding quarter. Similarly, Supermax Corp Bhd’s net earnings jumped 34% q-o-q to RM1.06 billion for its 2Q ended Dec 31, 2

Malaysia posts worst retail sales results in 22 years

KUALA LUMPUR (March 8): The retail industry in Malaysia registered its worst performance in two decades last year, contracting by 16.3%, as the Covid-19 pandemic forced people to stay home and retail stores shut. A majority of the retail sub-sectors contracted by double digits, with the department store and fashion and fashion accessories segments shrinking the most at 38.3% and 37.9% respectively, the latest edition of the Malaysia Retail Sales Report (March 2021) showed. Retail expansion forecast for 2021 has also been revised downwards to 4.1% from 4.9% after major states nationwide were once again placed under the movement control order (MCO) for the most part of the current quarter. The first-quarter performance is estimated to shrink by 13.4% before experiencing a recovery in the next three quarters.

Rise of the RM2 stores | Daily Express Online - Sabah s Leading News Portal

Rise of the RM2 stores | Daily Express Online - Sabah s Leading News Portal
dailyexpress.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexpress.com.my Daily Mail and Mail on Sunday newspapers.

Dissecting online and offline grocery sales

PETALING JAYA: Limited variety, frequent out-of-stock situation, troublesome site navigation, and slow and late delivery are hampering online grocery sales. Retail Group Malaysia managing director Tan Hai Hsin (pic below) said those who are used to visiting open-air and wet markets are not switching to online purchases despite the Covid-19 pandemic. “They go to supermarkets and hypermarkets instead. So open-air and wet markets, morning and night markets and temporary food stalls are here to stay. “They will not be replaced by online grocery and ready-food deliveries. Once they are allowed to open and the virus spread is contained, their regular customers will return, ” he said.

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