MR DIY to expand further

Fast growth: MR DIY’s market share grew to 29% in 2019 from 15% in 2016, with revenue expanding 44% from RM1.2bil in FY17 to RM1.8bil in FY18 and a further 29% to RM2.3bil in FY19.

PETALING JAYA: The expected recovery in consumer spending next year will put MR DIY Group (M) Bhd in good stead as the retailer continues to expand its network in the country.

Although already a market leader in a growing retail sector, AmInvestment Bank Research said MR DIY is positioned to increase its market share further through its aggressive expansion plan of opening 100 new stores each in financial year 2020 (FY20) and FY21.