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FamilyMart plans to open an additional 300 stores across Malaysia.
QL Resources, the operator of FamilyMart Malaysia, has reaffirmed its plans to open an additional 300 stores in Malaysia. The retailer opened 30 stores in the country during the previous financial year and another 90 stores in this financial year, ending 31 March 2019.
Chia Song Kun, chairman of QL Resources said, "we still stick to our plan to open 300 stores in five years."
Though there is a healthy concentration of convenience stores in Kuala Lumpur and the greater Klang Valley area, penetration in the rest of the country remains low. With only 7-Eleven and MyNews as the other major players in this channel, FamilyMart Malaysia sees positive growth opportunities, driven mainly by domestic demand.
Find out more information about FamilyMart here.
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