KUALA LUMPUR: Home improvement retailer Mr DIY is targeting to open 135 new stores in Malaysia by year-end, bringing its total stores to 500.
To date, it already has 415 stores, Mr DIY Trading Sdn Bhd marketing head Andy Chin said.
“Unfortunately we cannot reveal the investment costs for the stores,” he said at the launch of Mr DIY’s e-commerce platform, mrdiy.com.my today.
The online platform is aimed catering to a diversified market of tech savvy individuals that do not have the time to physically visit the Mr DIY stores.
The online platform also serves as a means to provide shopping convenience to buyers that want to purchase items urgently or in bulk.
According to report, the retail chain is targeting a total of 300 new stores across Asia Pacific this year, with 150 in Malaysia alone.
It is also looking at expanding its reach into two new countries - Singapore and the Philippines, by the second half of 2018.
From its humble beginnings as a hardware store in Jalan Tuanku Abdul Rahman, Kuala Lumpur in July 2005, Mr DIY has now more than 450 stores throughout Malaysia and Asia Pacific, which includes Thailand, Indonesia and Brunei.
The retail chain recorded more than RM1bil in revenue last year.
According to reports, it is targeting a 40% increase in revenue this year compared with 2017.
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