GIANT EXIT
KUCHING: Assistant Minister of International Trade and Industry, Industrial Terminal and Entrepreneur Development Datuk Naroden Majais is unaware why Giant supermarkets here are closing down.
He said it could be due to economic uncertainty.
“As an international company and a private entity, Giant is not linked to the government.
“But other supermarkets are not affected as more and more of them are opening their stores here,” he said when met by reporters after the Himpunan Legasi Qun Sarawak 2020 dinner ceremony at Penview Hotel here last Saturday.
Giant supermarkets here have started giving closing deals with a variety of discounts available to consumers.
However, according to a local news portal, CGH Retail (M) Sdn Bhd, which operates Giant, Cold Storage, Mercato and Jason hypermarkets, has announced their departure from Sabah and Sarawak markets.
It is learnt that the closure of retail firms in Sabah and Sarawak is part of the company’s process of relocating its branches in Sabah and Sarawak and reorganising its business to better meet the needs of customers in Malaysia and to remain competitive.
