MR DIY Group (M) Bhd remains on pace for growth in 2021. This growth will likely stem from its business strategy. MR DIY’s strategy prioritizes the driving of growth, the delivery of value, and the achievement of operational efficiencies.
According to the group’s chief executive officer Adrian Ong, MR DIY’s share of Malaysia’s home improvement market grew to 36.4% in 2020. This figure represents an increase of 5.5% compared to its share in 2019.
Commenting on this increase in market share, Ong said in a statement made yesterday, “This growth was mainly driven by same-store growth, which increased by 4.4% in 2020, (as well as) the growth in basket size as customers were much more purposeful in their trips during the pandemic with fewer trips to the store but more purchases during each visit.”
Ong also said that in 2020, the company processed more than 95 million transactions. This figure is equivalent to almost thrice the entire population of Malaysia.
“We are putting more focus on the use of data, analytics, and technology and will use the information to map our inventory to meet customer demand,” he said.
Ong added that the group intends to add 175 new stores across its three brands. Of these stores, 100 will be new MR DIY stores. A total of 50 new stores will be MR DOLLAR stores while the remaining 25 will be new MR TOY stores.
In the portion of the statement specifying MR DIY’s role in combating the Covid-19 pandemic, Ong said, “We will continue to support the nation’s fight against the pandemic whilst ensuring all our retail stores carry sufficient supplies of affordable Covid-19 essentials for the people.”
MR DIY released the statement from which the preceding quotes came in conjunction with the group’s first annual general meeting (AGM). Due to restrictions related to the Covid-19 pandemic, MR DIY held its AGM virtually. All ordinary resolutions received approval from shareholders. Everyone who cast votes did so online.
MR DIY opened its first store on Jalan Tuanku Abdul Rahman in 2005. Today, it ranks as the largest home improvement retailer in the region. There are now more than 700 MR DIY stores across Malaysia.
The average area of a MR DIY store is around 930 square metres. The company serves around 80 million customers across Malaysia and Brunei every year. It also operates an online store.
MR DIY works with large retailers and mall owners for management purposes. For this reason, some MR DIY stores serve as mini anchor tenants in hypermarkets such as Tesco, AEON, AEON BiG, and Giant.
16th June 2021 11:28
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