Which retail segments benefited most from holiday spending in May?

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Retail Sales Growth Driven by Holiday Spending in May

Retail sales in Malaysia experienced a significant boost in May, primarily fueled by increased consumer spending and travel during a series of public holidays. These periods, including Labour Day, Eid al-Adha, and Wesak Day, alongside the end-of-May school holidays, created a favourable environment for retail activity. Non-specialised stores saw a substantial 8.2% increase in sales, reaching RM28 billion, with supermarkets and department stores showing sustained performance.
Growth in Non-Specialised Retail Stores

Sales within non-specialised retail stores demonstrated robust growth, climbing by 8.2% to a total of RM28 billion. This expansion was largely attributed to consistent sales figures from supermarkets and department stores, which are often central to consumer shopping during festive periods. The overall increase in this segment indicates a broad-based uplift in consumer purchasing across various general retail outlets.
Demand Surge in Specialised Stores

Specialised retail segments also reported positive growth, with overall sales in these stores rising by 6.7% to RM15 billion. This increase was notably driven by heightened demand for pharmaceutical and medical goods, as well as jewellery. The demand for these specific items suggests that consumers were making purchases related to health and personal adornment during the holiday season.
Automotive Fuel and Food, Beverages, and Tobacco Sales

Further contributing to the retail sector's performance, sales of automotive fuel in specialised stores saw a significant rise of 12.8%. Concurrently, retail sales of food, beverages, and tobacco in specialised stores also increased by 7.2%. These figures point to increased travel and consumption patterns associated with the holiday periods.

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Which retail segments benefited most from holiday spending in May?

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