Malaysia is seeing rising demand for more diverse and innovative clothing in a consumer shift evident in the growing interest in fast-fashion brands like Zara, H&M, Uniqlo, and Padini. These brands are characterised by their ability to quickly interpret and incorporate the latest fashion trends into their collections, providing consumers with a constant influx of new and trendy options.
The Malaysian Government has announced its intention to implement a luxury goods tax, effective from 1 May 2024. Officials have indicated that the government is considering a range of luxury items for taxation under what is now termed the High Value Goods Tax (HVGT).
Mitsui Shopping Park LaLaport and Malaysia Grand Bazzar in Bukit Bintang were both completed towards the end of the review period, and together created a combined lettable retail space of one million square feet in Klang Valley. Four more new shopping centres and retail spaces which were also completed, including KSL Esplanade Mall in Klang, IOI City Mall (phase two) in Putrajaya, Datum Jelatek’s retail component in Taman Keramat, and Ecohill Walk in Semenyih with a combined net lettable area (NLA) of approximately 2.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel and Footwear Specialists industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Apparel and footwear specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: clothing, footwear, and/or fashion accessories (costume jewellery, sunglasses, belts, hats, gloves, handbags, scarves, etc.). Apparel specialists include specialty apparel like wedding dress shops. Example brands include Primark, TJ Maxx, and Zara. Sportswear retailers, such as Adidas and Nike, are excluded from this channel and are included in Sports Goods Stores; this is due to the companies considering themselves sports companies as opposed to apparel companies.
See All of Our DefinitionsThis report originates from Passport, our Apparel and Footwear Specialists research and analysis database.
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