Retail in Asia

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Malaysian retailers group raises forecast

The Malaysian Retailer-Chains Association (MRCA) has revised upwards its 2012 revenue growth projection of its members to between 5 percent and 6 percent as it foresees more contributions coming from abroad.

MRCA, which has 206 members with over 10,000 retail outlets, late last year projected average growth of four to five per cent for its members.

The revised projection is more in line with the six per cent growth forecast by the Malaysia Retail Association (MRA). However, MRCA numbers are different from those of MRA as the former o takes into account sales growth registered overseas by its locally-incorporated members.

(Source: Business Times)