CapitaMalls Trust tenants slammed by the 2009 recession

The recession slammed sales of most categories of CapitaMall tenants, but you will never guess which had the worst sales slump.

Hold the phones, it was telecoms providers who saw the biggest sales slumps in CapitaMalls Trust owned shopping malls, recording a 20.9 % gross turnover decrease in 2009 compared to 2008. Household furnishings also took a beating, down 17.1 % and not surpsisingly Jewellery and Watches was the next biggest loser, down 14 %.

Supermarket sales were up 7.1 %, but overall the pictures showed consumers really cut their shopping. These figures and plenty of other good information on CapitaMalls Trust are being presented to investors over the now infamous Rugby's weekend investment conference in Hong Kong.

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