One of the country’s leading consumer electronics chain stores, Senheng Electric (KL) comprises over 100 stores spread thoughout Malaysia for the convenience of its customers. Track key industry trends, opportunities and threats. Subscribe to our content! Are branded stores winning against independents? Malaysia. You can get a quick snack, some refreshments and even something to read. Starting from 22nd to 31st March 2020, 99 Speedmart will operate from 8AM to 8PM. Thus, the report delivers on the developments in both retail and convenience store … Are consumers looking for convenient shopping options in Malaysia? 7-Eleven has been on the local retailing scene since 1984, but it only debuted on the stock exchange in 2014. The report examines all retail channels to provide sector insight. So definitely check out circle K, it's different from any other convenient stores out there” more, 2, Jalan Anggerik Vanilla Ad 31/Ad, Seksyen 31, “Your regular convenience store. The report acknowledges that North America holds the largest market share during the forecast period for the product or service. Gain competitive intelligence about market leaders. Convenience stores continues to witness strong growth in terms of outlet numbers and value sales. 99 Speed Mart remains the leading player in convenience stores in value terms. KK Super Mart remains an innovative presence in convenience stores in Malaysia. In 2018, we were able to open 470 (145 of which in France) of the 2,000 initially planned worldwide. The number of convenience stores in Malaysia is anticipated to grow at a CAGR of 6% during 2016-2022. Thus, the report delivers on the developments in both retail and convenience store sectors of the country. Inform your marketing, brand, strategy and market development, sales and supply functions. Also, the convenience store industry of the country is witnessing fast developments, and presents huge potential for convenience store players. A convenience store, convenience shop, or corner store is a small retail business that stocks a range of everyday items such as coffee, groceries, snack foods, confectionery, soft drinks, tobacco products, over-the-counter drugs, toiletries, newspapers, and magazines. Euromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals. Adding a business to Yelp is always free. However, the rising … The group will open 30 to 50 CU stores in Klang Valley in 2021 to monitor their performance. CU Convenience Store was established back in 2012 and to date, there are approximately 15,000 stores all across South Korea. Are store numbers growing or shrinking in convenience stores? Increasing incomes and busier lifestyles, especially among consumers in Kuala Lumpur and other major urban areas, have translated into greater consumer demand for quick and convenient access to all types of groceries. The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries. MyNews Holdings Bhd is bringing South Korean convenience store, CU, to Malaysia MyNews revealed on Monday that its unit MYCU Retail Sdn Bhd had signed a licensing agreement with BGF Retail, South Korea's largest convenience store operator and owner of CU. Files are delivered directly into your account within a few minutes of purchase. com Convenience stores continues to witness strong growth in terms of outlet numbers and value sales. The licensing agreement with CU’s owner, BGF Retail, is for 10 years with an additional 10-year renewal term. This simply means that it’s a local favourite convenience store and here’s the tea guys, MyNEWS will be bringing this brand all the way to Malaysia… Convenience stores now offer improved availability and a wider range of options for ready-to-eat fresh food, drinks and deli products, providing greater convenience to busy working professionals and time-pressed commuters. Introducing enhanced country reports featuring interactive datagraphics, charts and analysis. KK Super Mart introduces on-the-go convenience and wellbeing KK Super Mart remains … According to MyNews’ founder and CEO, Dang Tai Luk, the group aims to launch CU-branded convenience stores in the country by early next year and roll out 500 CU stores … Founded in 1989 by the Lim brothers, the company had its humble beginnings as a small consumer electronics shop before quickly growing into the behemoth electronics chain store that it is today. If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Here's a complete list of Convenience Store directory in Malaysia. The Convenience Stores in Malaysia market research report includes: Our market research reports answer questions such as: This industry report originates from Passport, our Retailing market research database. Recent events have included the opening of new Family Mart stores in Melaka Raya and Johor Bahru, while MyNews. Delivery method: instant downloadReport format: PDF. Circle K lauded itself as a halal convenience store but is few in numbers. So if there’s a 99 Speedmart near your neighbourhood, make sure to take note of this news before you go! As the first Japanese-origin brand present in convenience stores in Malaysia, Family Mart has come to be seen as a particularly trendy retail chain, especially among millennials. Discover the latest market trends and uncover sources of future market growth for the Convenience Stores industry in Malaysia with research from Euromonitor's team of in-country analysts. Carrefour supermarkets are present in cities and rural areas. The launch is planned for early 2021, with about 30-50 stores to be opened in the first year, and 500 within 5 years. Convenience Stores in Malaysia report offers insight into key trends and developments driving the industry. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections. KUALA LUMPUR: There is growing competition among Malaysian convenience store operators for viable retail space for their expansion, despite the slowing economy. The two listed convenience store companies on Bursa Malaysia are 7-Eleven Malaysia Holdings Bhd and home grown MyNews Holdings Bhd. 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