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Magazines Archives - 2007 January
Harvey Norman goes to Penang
Story 10
AUSTRALIAN furniture-and-electronics retailer Harvey Norman has set up shop in Penang, its third in Malaysia.
The island-state was chosen for its booming economy and the rising purchasing power of its population, said Harvey Normans managing director, South-east Asia, Angelo Augustus.
Augustus expects consumer electronics, including laptops, MP3 players, LCD-screen TVs and DVD recorders, to drive sales at the retailers new RM4-million (US$1.146-million) store.
The approximately 20,000sqf store will feature a touch and feel concept. It has set a five-year time frame to cap-ture a substantial share of the consumer electronics, along with bedding and furniture products.
The new outlet in Penangs Queens-bay Mall follows two others, which have opened in Ikano Power Centre in Petaling Jaya and Mid Valley Megamall in Klang Valley. The retailer has plans to open another store at Sunway Pyramid and one at the new Pavilion Kuala Lumpur when it opens this year.
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