Home improvement retailer Mr DIY is planning to open 135 new stores in Malaysia this year.
The move, which will take the total number of Mr DIY trading locations to 500, comes on the heels of the launch of the brand’s new e-commerce platform. The site targets technically competent users who are too busy to visit the store in person or those seeking to buy bulk quantities.
The brand says it is nonetheless committed to heavy expansion of its brick-and-mortar store network, planning to roll out 300 new stores across Asia Pacific this year, including those in Malaysia, and expanding into Singapore and the Philippines. The firm already has outlets in Thailand, Indonesia, and Brunei.
Mr DIY recorded more than RM1 billion (US$247.1 million) in sales last year and is forecasting a 40 per cent increase in revenue this year.
Source: Inside Retail Asia.