saw a few units were on sale in iproperty.....is it worth to buy? Do they still has the crowd like those days?

* Lower Ground got few units at 621 sf from RM6.1m to RM6.3m, ROI from 5.1 to 5.5%
* Ground Floor got few units from 320 sf to 527 sf at from RM3m to RM3.3m, ROI from 2.8 to 3.6%
* First Floor 338 sf at RM1.88m, ROI 4.1%
* Second Floor got few units from 338 sf to 690 sf from RM1m to RM6.4m, ROI from 4.7 to 5%

I think the Giant there making healthy profits from those foreigners in the Bukit Bintang area. Those Giants that closed down most probably located in suburbia or remote areas.

Five Giant Outlets To Shut Down By 5 November
Published by Tang Ruxyn — 27 Oct 2017, 12:22 PM
The Giant outlet in Bercham, Perak will also be relocated.

 
#news  #giant  #closing  #closedown  #hypermarket  #business
Cover image via YNHB
It has been reported that five Giant Hypermarket outlets will cease operations by 5 November

C6a7Image via GoWhere.my
According to media reports, the affected outlets are:
• Giant Sri Manjung (Perak)
• Giant Sungai Petani (Kedah)
• Giant Shah Alam City Centre (Selangor)
• Giant Selayang Lama (Selangor)
• Giant Sibu (Sarawak)

The closures were confirmed by GCH Retail (Malaysia) Sdn Bhd yesterday, 26 October. The group is the operator and owner of Giant. GCH said that these outlets have reached the end of its lease term at these premises.

"The group said it has reviewed its operations and the decision was made to improve efficiencies and productivity," The Sun Daily reported.

It was also reported that the Giant outlet in Bercham, Perak, will be shifting to a new premises

GCH Retail Sdn Bhd, who also owns Cold Storage, Mercato, and Jasons Food Hall stores, revealed that the new facility is much more spacious - double the size of the current store. The group added that the outlet will provide more offerings and range of products for its customers.

"In addition, by the end of this year, GCH Retail will be relaunching a new exciting concept store by Cold Storage in KLCC (Kuala Lumpur City Centre).

"The group will continue to deploy its resources to raise the bar to create positive retail experiences for our customers. We look forward to serve our customers in all our stores located across the country," the group added.

News of the closures comes days after netizens speculated that the Sri Manjung outlet might be shutting down

A861Image via Facebook
B6eeImage via Facebook
Several posts on social media have claimed that the Giant store in Sri Manjung, Perak, has underperformed its peers in the challenging market environment, and suffered losses for four consecutive years.

There were also claims that it was due to these losses that Giant decided not to renew lease, whereby the monthly rent is at RM150,000.

the connaught one will make a come back ma... after majestic maxim completed... generally still okay... the boss still as egoistic as ever... always press suppliers' pricing... haha

oh no..still got stores to close up?

Unker, how many units you have in sg wang?

what is BTS????

I think weekdays...…..

usually just ground and lower ground floors only.

                    👇
👉what is BTS???? 👈. 
                    ☝️
I think weekdays...…..

usually just ground and lower ground floors only.

Tq janitor....

🤔I was talking abt sg wang not berjaya times square.🤔

This I have to agree...
No matter how many malls open up... These always the top choice 👍👍

yeah maybe chose top3 favourite and interesting to you de based on google info.

indoor theme park at bts already lost it shine long long time ago, now popular is decoration each season like christmas, new year. congrat to 1U win top1 mall christmas deco 2018 👏👏