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 Norman’s 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 retailer’s 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 Penang’s 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.


2007 January Stories:

Retail Outlook 2007- Opportunities and challenges ahead
Indonesian retailers enjoyed buoyant 2006

JT Network brings DC superheroes to Singapore

SM Investment acquires supermarket, hypermarket

Capitol Optical sets up first lifestyle concept store for eye care in the region
Lippo poised to open high-end stores in China

Jaeger looking East for the long haul  

Wal-Mart beats Tesco to retail tie-up in India 

Siri Mahamart uncovers Rs1 billion retail plan

Robinson wins rights to open River Island stores in Singapore and Malaysia

Harvey Norman goes to Penang

Shanghai Tang steps up presence in fashion cities

US Home Depot acquires Home Way

Best Denki in first major Viet franchise

China retail sales projected to grow by 13%

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