AEON spending RM240 mln in a shopping mall-cum-retail store in KulaiJaya

Business & Markets 2013
Written by Bernama
Wednesday, 22 May 2013 16:31
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KUALA LUMPUR (May 22): Retailer, AEON Co(M) Bhd, which operates
30 stores in Malaysia, will invest RM240 million this year in a spanking
new shopping mall-cum-retail store in Kulaijaya.
"With a 430,000 sq feet floor space, the store is slated for completion in
December.
"With the opening of the new store, the company would have 31 stores
nationwide," said Chairman Datuk Abdullah Mohd Yusof.
Plans are afoot to open new stores and locations have already been
identified.
Abdullah also said the retail industry in the country remained very
competitive as more entrepreneurs were aware of the healthy
prospects and the rising demand for better shopping experience.
"AEON remains positive of its prospects and will continue to leverage on
its competitive strengths and grow its business," he told a press
conference after the company's annual general meeting.
Meanwhile, AEON Managing Director Nur Qamarina Chew said the
company has allocated RM350 million for capital expenditure.
Out of this, RM120 million has been set aside for the refurbishment of
existing outlets.
For a start, AEON would focus on the refurbishment of its Ipoh Kinta City outlet slated to be carried out after the Hari Raya
festive season.
"We are also going to renovate the Bandar Puchong and Bandar Sunway outlets next year," she said, adding that AEON
would focus on the refurbishment of one or two shopping mall-cum-retail stores, annually.
She said renovation and refurbishment was a continuous process in order to maintain the freshness and sustainability of the
shopping centres and stores.
"Stores need to be up-to-dated to offer a better experience for customers as lifestyles keep changing," said Nur Qamarina,
adding that AEON, which had grown steadily over the years, remained committed to its mid-term strategy to solidify its
position as the market leader. -- BERNAMA