Malaysia’s largest home improvement products retailer, Mr DIY Group Berhad is targeting to open at least 100 additional stores in Malaysia in 2020. Currently, the company has 583 stores nationwide and holds an estimated market share of 25.4%.
Mr. DIY stated that it will leverage on its current business model and operational platform to continue to scale the store network, further capitalizing on the underpenetrated home improvement retail sector in Malaysia.
The company is primarily involved in the retail of home improvement products and mass merchandise in Malaysia, Thailand, Indonesia and the other five countries in Asia, serving over 270 million customers to date. In Malaysia, Mr DIY also partners with major supermarkets such as AEON, Giant, and Tesco. It recently opened its 1,000th store in December 2019.
(Sources: The Sun Daily; The Edge Market)