Robinsons to shut operations in M'sia due to Covid-19 pressures

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Robinson Co (Malaya) Sdn Bhd is set to close its two department stores in Malaysia and start the liquidation process following its inability to continue operations due to weak demand.Robinsons, among other department store operators globally, has continued to feel the effects of the Covid-19 pandemic, especially in terms of store sales relative to online sales.Globally, retail buying patterns are seeing significant shifts from offline to online spending with the Global Ecommerce 2020 report showing that the Asia Pacific will produce nearly 63 percent of all digital sales this year.Robinsons senior general manager Danny Lim said the changing consumer landscape makes it difficult for the company to succeed over the long-term and the pandemic has further exacerbated the challenges.The department store operator acknowledged that demand for department store concept had weakened sig…