In 2003, Harvey Norman, the purveyor of electronics and furniture, opened their first outlet in Kuala Lumpur and at the time of writing, the company has 27 stores throughout Malaysia. The Australian company is planning to open a lot more stores here in the next few years.
According to The Drum, Harvey Norman has announced its intentions to expand its operations in Malaysia, citing it as a thriving economy following the COVID-19 pandemic.
The company’s sales revenue in Malaysia increased by 38.4% for the three months leading up to 31 October 2022, compared to a 9% year-on-year increase in Australian sales for the same period in 2021.
The expansion plans involve opening 80 stores in Malaysia, including stores in Sabah and Borneo, by 2028.
There is a significant opportunity to increase the Harvey Norman brand in Malaysia.Harvey Norman CEO Katie Page.
According to Harvey Norman CEO Katie Page, the company has an experienced team in place to facilitate this expansion, with the necessary skills and expertise in areas such as IT, warehousing, property, finance, HR, and marketing.