Department Store Companies in Malaysia

The retail industry in Malaysia is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2016 to 2021 to reach a value of MYR140.8 billion (US$33.8 billion), according to a report by Ken Research.

The country’s department store companies are expected to benefit from this growth, as they are among the leading retailers in the country.

The leading department store company in Malaysia is Parkson Holdings, which operates a chain of over 60 department stores across the country.

Other leading department store companies in Malaysia include SOGO, Sungei Wang Plaza, and Isetan.

The department store companies in Malaysia are benefiting from the country’s strong economic growth, which is driving consumer spending.

The country’s rising middle class is also increasingly spending on discretionary items such as apparel and cosmetics, which are sold by department stores.

The department store companies in Malaysia are expected to continue to benefit from the country’s strong economic growth and rising middle class in the coming years.