KEPONG: Tesco Stores (M) Sdn Bhd plans to open three new stores in six months with a total investment of between RM240mil and RM300mil.
Chief executive officer Tjeerd Jegen said the investment per outlet would be between RM80mil to RM100mil and the stores would be in Penang, Old Klang Road in Kuala Lumpur and Seri Iskandar in Perak.
“We opened 39 stores in Malaysia in 10 years. One of our key strategies is to make Tesco accessible to all customers and we want Tesco to exist everywhere in Malaysia,” he told a press conference after the launch of its Quick Q yesterday.
Since Tesco opened its doors in 2002, he said Tesco had invested over RM4.5bil in the Malaysian economy, adding that the company employed more than 14,000 Malaysians.
“Tesco is now as bullish as ever on the prospects of the Malaysian retail sector. This is due to the continued economic growth and prosperity, buoyed by sound economic reforms, robust consumer confidence and political stability,” he said.
He said the company also planned to transform 150 retail shops under the Transformasi Kedai Runcit (Tukar) project that initiated by the Government.
Tesco together with other hypermarket operators are collaborating with the Domestic Trade, Cooperatives and Consumerism Ministry in the Tukar project which aims to modernise the traditional retail shop and increase its level of competitiveness.
The operators will take on the role of consultants to help give a new lease of life to traditional retail outlets in terms of preparation, training and others.
Tesco Stores, the joint-venture company between Tesco Plc and Sime Darby Bhd, is also celebrating its 10th successful year in Malaysia this year. The company will offer customers discounts and promotions this weekend in conjunction with its anniversary celebrations.
It launched its Quick Q in all its 39 stores nationwide. It is an initiative to aggressively reduce queuing time for customers at its check-out counters.
By LEE KIAN SEONG
lks@thestar.com.my
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