BUKIT BERUNTUNG: Tesco Stores (Malaysia) Sdn Bhd plans to invest RM60mil in the next two years to open new stores and refresh some of its existing stores in the country.
However, Tesco Malaysia, which operates 45 stores in the country, did not provide further details on its upcoming stores.
Since 2002, the company has invested about RM5bil in outlets that include the Tesco ambient distribution centre (TADC), its biggest in South-East Asia.
The 53,000-sq-m TADC on a 48-acre site services all 45 Tesco stores in the country and has the capacity to serve about 100 stores.
Chief executive officer SungHwan Do said Tesco had invested more than RM260mil to develop the TADC, a move that reflected its long-term aspiration to significantly grow in the business in Malaysia.
“We also plan to open new stores in Sabah and Sarawak as the prices of some goods there are often higher than those in Peninsular Malaysia and we hope to narrow the price gap,” he told reporters during a tour of TADC and the official opening of Tesco Bukit Beruntung here yesterday.
Tesco Malaysia is a 70:30 joint venture between Tesco Plc and Sime Darby Bhd.
Local-owned mass retailers are feeling the pinch as Foreign retailers are sweeping across the nation like nobody's business.
TESCO opens 45th outlet in Malaysia
Since 2002, TESCO has invested about 5 billion ringgit in 45 outlets and the upcoming Tesco Ambient Distribution Centre (TADC), its biggest in South-East Asia.
Tesco Bukit Beruntung, 45th outlet opening on 9 March 2012
Hong Kong conglomerate Jardine Martheson Group owns Giant Retail Group Malaysia via Dairy Farm International, which also owns Cold Storage supermarkets and Guardian Pharmacy nationwide.
Giant Bercham Ipoh which opened on 8 March 2012 is its 129th outlet in Malaysia
AEON Co Ltd, the owner of Japan's largest retail chain stores, has been operating in Malaysia since 1984, at the invitation of the Malaysian Government to modernise the country's retail industry.
AEON Ipoh Station 18 Pengkalan opens on 29 March 2012
I think people willing to spend more money here rather than other mall...I went to aeon and the crowd still look for the cheapest price..and..of cos they go there just for window shopping
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