Harvey Norman plans More Expansion in Malaysia
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Harvey Norman Malaysia is planning to open nine stores by the end of next year, taking its network there to more than 50 by the end of 2023. The retailer has expanded into Sarawak with an outlet in Miri Times Square.
The 40,000sqft store covers a range of products spanning electrical and electronics, as well as furniture and bedding.
“Harvey Norman has one price point, so regardless of where you buy it in Malaysia, the price is the same and Miri customers will get these benefits,” said Kenneth Aruldoss, Harvey Norman Asia MD.
“We also cater to Bruneian customers. They can come to Miri and shop at our store, and we’ll give them the same support and quality service including after-sales service.”
Four other stores – in Tebrau and Southkey (Johor), Ipoh and Kota Baru – will open in the second half of the year.
Harvey Norman Malaysia sales reached S$152.33mil last financial year, up 10.5 percent year on year.
“Malaysia is the best-performing country, with Singapore coming in second, in terms of growth and profits (among other indicators),” Aruldoss said.
After launching in 2003, Harvey Norman Malaysia now has more than 17 stores across the country.
Questions & Answers
Q.How many new stores does Harvey Norman Malaysia plan to open by the end of next year?
How many new stores does Harvey Norman Malaysia plan to open by the end of next year?
Harvey Norman Malaysia intends to open nine new stores. This expansion will increase its network to more than 50 outlets across the country by the close of 2023.
Q.Where are the new stores planned to open in the second half of this year?
Where are the new stores planned to open in the second half of this year?
Four new stores are scheduled to open during the second half of this year. These locations include Tebrau and Southkey in Johor, as well as Ipoh and Kota Baru.
Q.What is Harvey Norman's pricing strategy across Malaysia?
What is Harvey Norman's pricing strategy across Malaysia?
Harvey Norman maintains a consistent pricing strategy across the country. All products are sold at the same price point, ensuring customers receive the same value regardless of the store location in Malaysia.
Q.How did Harvey Norman Malaysia perform financially last year?
How did Harvey Norman Malaysia perform financially last year?
Last financial year, Harvey Norman Malaysia achieved sales of S$152.33 million. This figure represents a 10.5 percent increase compared to the previous year, making it the best-performing country in terms of growth and profits.
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