Harvey Norman looks to expand in Malaysia with nine new stores by 2020

Harvey Norman Malaysia is planning to add nine stores by the end of 2020, and take its network to more than 50 by the end-2023, said various media reports. This comes after it recently made its foray into Sarawak with its 40,000 square feet outlet opening in Miri Times Square on 3 May 2019.Four other stores in Tebrau and Southkey (Johor), Ipoh and Kota Baru are slated for the second half of this year. The electronics and furniture retailer is also eyeing other locations in Sabah and Sarawak, said a report by The Star. Launched in 2003, Harvey Norman Malaysia currently has more than 17 stores in the country. A+M has reached out to the company for more information.Harvey Norman Asia managing director Kenneth Aruldoss told numerous media outlets that Malaysia is the best-performing country in terms in terms of growth and profits, followed by Singapore. Harvey Norman Malaysia sales reached SG$152.33 million last financial year, up 10.5% year-on-year. Aruldoss also told media outlets that Harvey Norman has “one price point” regardless of where the purchases are made in Malaysia and customers can expect the “same support and quality service including after-sales service” across its stores. He added that the company looks to cater for Bruneian customers as well.