Courts Malaysia to open 6 more stores

KUALA LUMPUR: Courts Malaysia Sdn Bhd plans to open six more stores this year, increasing its network to 70 stores nationwide.

Its country chief executive officer Allard Sjollema said the company is aiming to increase its current retail space by 10% or equivalent to 120,000 square feet.

"In the financial year ended March 31, 2014 (FY14), we increased our retail space by 20% with the opening of two 'Big-Box" Megastores and four small format stores," he told reporters at the Courts Malaysia 2014 business plan briefing.

Currently, the group has 64 stores nationwide with a combined area of 1.2 million sq ft.

The company opened its first Megastore in July last year in Sri Damansara, with a floor space of 108,000 sq ft, followed by its second Megastore in Subang Jaya with smaller floor space of 66,000 sq ft.

It also expanded its footprint in Sabah last year after opened its first Courts store in September.

Sjollema said the company was considering to open at least one Megastore concept, preferably in the Klang Valley, Johor Bharu or Penang.

"We are looking for the sites to open theses stores, but we are definitely going to open stores in Sabah and the Klang Valley," he said.

Courts Malaysia is unit of Singapore-listed Courts Asia Ltd.