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Tag: Mr DIY

  • Mr DIY Scales New Heights: Targets 3,000 Stores in Thailand by 2031 Following Stellar Growth

    Mr DIY Scales New Heights: Targets 3,000 Stores in Thailand by 2031 Following Stellar Growth

    Mr DIY, the biggest home improvement retail chain in Asia, is setting its sights on further expansion in Thailand, having recently reached the milestone of 1,000 stores in the country.

    Establishing a Strong Retail Presence

    Since its debut in Thailand in 2016, Mr DIY has broadened its reach significantly across 77 provinces. With its origins in Malaysia, the company now runs more than 5,000 stores in 11 countries worldwide.

    Andy Chin, the CEO of Mr DIY Thailand, expressed his excitement and optimism about the company’s future growth prospects. He shared some details about the expansion plans they have in place.

    Expansion Plans

    Mr DIY has set an ambitious target of opening an additional 210 stores in Thailand this year. In aid of this, the construction of an automated warehouse in Samut Prakan is currently in progress.

    This warehouse is set to function as a distribution center, thereby assisting Mr DIY in achieving its goal of 3,000 stores by 2031. By 2027, the company envisages having 1,500 stores operational within Thailand.

    Financial Performance

    In terms of financial performance, Mr DIY reported a revenue of THB20.1 billion during the fiscal year 2025, which was a 24.4 percent annual increase. Additionally, the company also witnessed a significant 47.8 percent surge in profits.

    Questions & Answers

    What is Mr DIY’s target number of stores in Thailand by 2031?
    Mr DIY aims to have 3,000 stores in Thailand by 2031.

    What is the role of the new warehouse in Samut Prakan?
    The new warehouse in Samut Prakan will serve as a distribution center to facilitate Mr DIY’s expansion goals.

    How has Mr DIY’s financial performance been in recent years?
    In the 2025 financial year, Mr DIY recorded a revenue of THB20.1 billion, marking a 24.4% yearly increase. Profits also saw a substantial increase of 47.8%.

  • Mr DIY revives IPO plan, launches new format

    Mr DIY revives IPO plan, launches new format

    Mr DIY Group has revived plans for a US$500 million IPO following the postponement in March due to the coronavirus.

    The deal, which could be the largest Malaysian IPO in four years, is now pending the enthusiasm of potential investors and could be scheduled for October. It would be singularly responsible for lifting the country’s beleaguered equity capital market, floundering at just $70.7 million worth of IPOs thus far this year.

    Mr DIY saw record sales in May and June following the partial lifting of Malaysia’s movement restriction order.

    The firm has recently launched its new dollar store concept in the territory, selling snacks, drinks and food items for either RM2 or RM5, while its core business is now trading in Vietnam through a franchise partner, with two stores already in business and another under construction in Ho Chi Minh City’s Estella Place, scheduled to open in October.

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  • Klang Valley malls performed slower last year due to competition

    Klang Valley malls performed slower last year due to competition

    Stronger performances from Gurney Plaza and East Coast Mall compensated for a lower contribution from CapitaLand Malaysia Mall Trust’s Klang Valley shopping malls last year. CapitaLand Malaysia Mall REIT Management (CMRM), which manages CapitaLand Malaysia Mall Trust (CMMT), released its results this week, revealing net property income of RM215 million (US$52.57 million) for the year. Its distributable income was RM161.3 million.

    “Gurney Plaza and East Coast Mall, which collectively accounted for about 68 per cent of CMMT’s net property income, continued their growth momentum last year,” said Low Peck Chen, CEO of CMRM. “This helped to moderate the lower contribution from our Klang Valley malls, which continued to be affected by increasing competition in the vicinity, as well as downtime for asset enhancement works and lower rents at Sungei Wang and The Mines.”

    During the final quarter of last year,  the company completed the asset enhancement works at Gurney Plaza’s Level 4 and improved the tenant mix at East Coast Mall’s ground floor. Tenants, several of them new to Penang and Kuantan, have progressively commenced operations at the newly renovated spaces.

    “We expect the completed asset enhancement initiatives at both malls to contribute positively to our performance going forward,” said Chen.

    In Kuala Lumpur, Sungei Wang’s reconfiguration of its annex is on track and new-to-market and novel experiential concepts will feature in the Jumpa lifestyle zone when it opens in the second half of this year.

    “We continue to refresh our tenant mix to meet the diverse needs of our shoppers, who can now find popular stores like Huawei, Sport Planet and Mr DIY at 3 Damansara, as well as home improvement store SSF and children activity centre Olympic Kids Club at The Mines,” said Chen. “At Sungei Wang, the newly renovated main anchor Giant will soon unveil a fresh concept to draw more shoppers.”

    David Wong, chairman of CMRM, said that against a backdrop of “increasing uncertainties in the global economy and concerns around the rising cost of living,” the company expects consumer and business sentiments to remain cautious this year.

    “Despite the challenging operating environment, we will continue to strengthen CMMT’s performance by proactively managing lease renewals and exploring opportunities in asset enhancement initiatives and acquisitions that will create value for our Unitholders.”

    CMMT is a shopping mall-focused Reit with five shopping malls: Gurney Plaza in Penang, a majority interest in Sungei Wang in Kuala Lumpur, 3 Damansara and Tropicana City Office Tower in Petaling Jaya, The Mines in Seri Kembangan and East Coast Mall in Kuantan, Pahang. The portfolio has a total net lettable area of more than 2.9 million sqft and was valued at RM4.1 billion at the end of last year.

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  • Mr DIY mulls US$362 million float

    Mr DIY mulls US$362 million float

    Malaysian home improvement brand Mr DIY is considering an IPO to raise about MYR1.5 billion (US$362 million). An industry source has revealed that the firm intends to list its domestic operations later this year on either the Malaysian or Hong Kong exchange with backing from Malaysian private equity firm Creador, which invested in the brand over two years ago.

    A report stated the IPO could bring Mr DIY to a market value of MYR10 billion (US$2.426 billion).

    Mr DIY operates around 600 locations in Southeast Asia. Last October, the company revealed plans to open at least 1000 branches by 2020.

    Head of marketing Andy Chin said then: “We feel that our home improvement retail business model, offering a variety of goods at affordable prices, is suitable for better business growth in the country as well as the Asean market. At the end of this year, we target 700 global branches, and the number may reach 1000 or more by 2020. These will be based on an organic growth.”

    He added that the company’s prospect of Asean-level expansion will be focused on Indonesia, Thailand and the Philippines”.

    Mr DIY is the largest home appliance retailer in Malaysia with more than 20,000 SKUs.

  • Mr DIY ready for massive growth by 2020

    Mr DIY ready for massive growth by 2020

    Malaysian home improvement retailer Mr DIY has announced plans to open at least 1000 branches by 2020. The announcement was made at the opening of its latest outlet at Paradigm Mall, its 440th local branch and 600th global branch. The brand currently operates 120 stores in Thailand, 40 in Indonesia, four in Brunei, and one each in Singapore and the Philippines.

    Mr DIY head of marketing Andy Chin said: “We feel that our home improvement retail business model, offering a variety of goods at affordable prices, is suitable for better business growth in the country as well as the Asean market. At the end of this year, we target 700 global branches, and the number may reach 1000 or more by 2020. These will be based on an organic growth.”

    He added that the company’s prospect of Asean-level expansion will be focused on Indonesia, Thailand and the Philippines,” said Chin.

    Mr DIY is the largest home appliance retailer in Malaysia with more than 20,000 SKUs.

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  • Discounts and free gifts with the launch of MR DIY e-store on Shopee

    Discounts and free gifts with the launch of MR DIY e-store on Shopee

    Hardware and home improvement retailer Mr DIY has launched an e-store on Shopee. Mr DIY’s head of marketing Andy Chin said Shopee has grown tremendously in the past year, and is quickly becoming the online shopping destination of choice for shoppers in Malaysia and across the region.

    “We are excited to bring even more exciting deals and promotions for our launch and 10.10 Festival, and we are confident that it will be a great success.”

    Discounts and promotional gifts are being offered to mark the launch, which coincides with the first anniversary of the e-commerce platform.

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  • Mr DIY plans exapansion after e-commerce blast

    Mr DIY plans exapansion after e-commerce blast

    Home improvement retailer Mr DIY is planning to open 135 new stores in Malaysia this year.

    The move, which will take the total number of Mr DIY trading locations to 500, comes on the heels of the launch of the brand’s new e-commerce platform. The site targets technically competent users who are too busy to visit the store in person or those seeking to buy bulk quantities.

    The brand says it is nonetheless committed to heavy expansion of its brick-and-mortar store network, planning to roll out 300 new stores across Asia Pacific this year, including those in Malaysia, and expanding into Singapore and the Philippines. The firm already has outlets in Thailand, Indonesia, and Brunei.

    Mr DIY recorded more than RM1 billion (US$247.1 million) in sales last year and is forecasting a 40 per cent increase in revenue this year.

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  • Mr DIY opens door in Mid Valley Megamall Malaysia

    Mr DIY opens door in Mid Valley Megamall Malaysia

    Malaysian home improvement retailer Mr DIY has launched its first flagship store, at Mid Valley Megamall in Kuala Lumpur.

    The chain’s 360th store covers 1393sqm on the mall’s third-floor mezzanine, offering 20,000 product varieties across nine departments – household, hardware, electrical, car accessories, toys, stationery, gifts, sports, and jewellery and cosmetics.

    “This is an important milestone for Mr DIY’s growth in the region as we strive toward our vision of becoming the largest home-improvement retailer in Asia Pacific,” says Mr DIY Trading marketing head Andy Chin.

    With fresh concepts, the flagship store features a ceiling designed like a hexagon nut, plus there are walkways to make it easy for shoppers to navigate the store.

    Chin says RM2 million (US$511,000) was invested in the store, which is expected to drive a monthly footfall of 200,000 customers.

    He says it is an exciting year for the company. “We are targeting a total of 300 new stores across Asia Pacific, with 150 in Malaysia alone. Next, we are looking at expanding our reach into two new countries, Singapore and the Philippines, within the second half of the year while we are set to launch the Mr DIY e-commerce platform in the third quarter.”

    The retail chain last year recorded more than RM1 billion in revenue, serving 110 million customers. It started as a hardware store in Jalan Tuanku Abdul Rahman, Kuala Lumpur, in 2005 and now has more than 450 outlets throughout Malaysia and Asia Pacific, including Thailand, Indonesia and Brunei.

  • KL Gateway has been launched

    KL Gateway has been launched

    Kuala Lumpur has a new mall, KL Gateway, with a gross floor area of about 500,000 sqft (46,451 sqm).

    Connecting with corporate office towers, KL Gateway has a 10,000 sqft outdoor landscaped garden and offers free Wi-Fi internet access in its common areas. A 100m link bridge connects the mall to the KL Gateway-Universiti LRT station.

    Tenants at the mall include Daiso, H&M, Home’s Harmony, Mr DIY, Times Bookstores and Village Grocer.

    Korean fashion brand The Twee will be opening its first flagship store for Southeast Asia on the ground floor. The store, with more than 929 sqm of retail space, will stock a broad range of trendy Korean apparel, accessories and footwear for both men and women.

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  • The Twee flagship in Kuala Lumpur

    The Twee flagship in Kuala Lumpur

    Korean fashion retailer The Twee will open its first Southeast Asia flagship store at the new KL Gateway Mall in Kuala Lumpur.

    Set to open on January 12, the mall is part of the KL Gateway mixed development by Suez Capital in Bangsar South, Jalan Kerinchi.

    Along the Federal Highway, it offers a net lettable area of about 400,000 sqft (37,161 sqm) across seven levels, with more than 200 retail outlets.

    Covering about 11,000 sqft, The Twee flagship will be the brand’s biggest store in Southeast Asia, says Suez Capital head of asset management Michael Chee Soon Hin.

    Launched in 2009, The Twee has 28 fashion stores as well as kiosks in major department stores across Korea as well as in Shanghai. It targets women between 19 and 25 years old.

    Chee says the mall is already 80 per cent occupied and there are hopes it will achieve full occupancy by April. Secured tenants include Cotton On, Daiso, Doutor Coffee, H&M, Home’s Harmony, Mr DIY, Times Bookstore, Village Grocer, Yamazaki Bakery and Yubiso.

    There will also be free WiFi throughout the common areas of the mall.

    “The concept of the mall is based on a street mall – you will not be bored,” says Chee. Each floor is inspired by elements from different continents, and there will be an outdoor landscaped garden where residents in the residential units above the mall can grow vegetables.

    Suez Capital has invested in an automated car-park system for shoppers. “It will be the biggest automated car park in Southeast Asia with 1230 automated parking bays as well as 900 normal parking bays,” says Chee.

    The projected footfall for KL Gateway Mall is more than 10 million annually, with about 40 per cent from LRT (light-rail transit) commuters. A 100m covered, air-conditioned bridge will link the mall to the KL Gateway-University LRT Station.

    The integrated development includes four residential towers of more than 1180 units, which will be completed next year, while two Grade-A corporate office towers are being delivered in stages.

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