Kuching attracts big retail players
John Teo | 14 Jul 2017 00:30

DESPITE the currently rather depressed economic outlook nationally and in particular in a retail sector bearing the brunt of the negative impact of the goods and services tax and rising costs related at least in part to a weak ringgit, Kuching appears to be still catching the eye of nationally-known retail brands.

Before the year is out, Japanese supermarket chain AEON and Australian furniture and white-goods chain Harvey Norman are expected to make a splash on the local scene. It will be the first foray onto the Borneo shore for both establishments, already well-known to shoppers in the peninsula.

AEON’s new flagship Borneo store will occupy a purpose-built multi-storey mall still under construction in the Sarawak capital. It enters a local market currently dominated by a handful of home-grown chains and the likes of national chains Giant and Mydin. The competition, already heating up, will be stiff for a rather saturated market.

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