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Retail stores across the world have been severely affected by the pandemic, with plummeting revenues due to a sharp drop in visitors. In a recent statement, global fashion retail chain, Zara, announced that the company will close up to 1200 retail outlets across the world. The company will close down its smaller stores to focus on its larger outlets and ...

National Property Information Centre’s Q3 2019 figures showed there were 1,035 shopping complexes in Malaysia, offering 16.42 million sq m of retail space. It is expected that 39 more shopping complexes will come on board and another 27 shopping complexes are being planned. The oversupply of malls has contributed to the struggle and survival of shopping complexes. The retail industry ...