Meanwhile, Courts (Malaysia) Sdn Bhd (Courts Malaysia) Chief Executive Officer, Tim Luce, said he expected consumers to rush to purchase household goods just before the implementation of the GST in April.
"People are likely to rush to buy household products as they think that the prices will increase after GST
is introduced," he
SALES MAY PEAK JUST BEFORE GST
Court Malaysia is one of Malaysia's largest retailers of furniture and electrical goods and offers in-house credit facilities like the Courts Flexi Schemes to allow customers to pay for their purchases in instalments over a period of up to 60 months.
said sales were expected to peak just before the introduction of the consumption tax, followed by a lull as consumers studied the after-effects of the GST
"However, we do not anticipate this lull to last very long as consumers will soon become more familiar with the GST
and resume their normal shopping habits," he
On the impact of the GST on Courts Malaysia's goods and services, Luce said its promotions and credit offerings would be tailored in such a way that they remain affordable to the consumers.
"In fact, we are working with our suppliers and vendors to try to bring our prices down further," he