Sunway Malls focuses on expansion despite retail headwinds
KUALA LUMPUR: Sunway Malls remains cautious about global and domestic headwinds, including unresolved trade tensions, prolonged price volatility and rising costs, which could continue to weigh on business and consumer confidence.
KUALA LUMPUR: Despite headwinds, Sunway Malls remains optimistic about its future expansion. Group Managing Director H.C. Chan noted that trade tensions, price volatility, and higher costs could impact consumer confidence. The unresolved Strait of Hormuz closure continues to affect global costs. Chan acknowledged fierce competition from both physical malls and e-commerce platforms, warning these pressures will weigh on margins and profitability.
The mall chain aims to grow to 16 malls in the next three years, already owning 11 with five more opening soon. Sunway Malls' growth over the past 29 years has been driven by strong partnerships, adaptability, and innovation. In 2026's first half, the company saw 5.0% growth, beating the industry's 3.1% growth. Chan credits business partners and stakeholders for this success, and notes emerging trends like Chinese F&B brands gaining prominence in Malaysian malls.
Sunway Malls is focusing on refurbishing retail spaces, collaborating with stakeholders, and embracing new opportunities to sustain growth.
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