October 4, 2012

Singer (Malaysia) to open 249 retail outlets by 2013

A wholly-owned unit of Berjaya Retail ( B-Retail), Singer plans to open another 249 retail outlets in Malaysia by 2013, a move to strengthen the brand.

By Adam Dempsey

A wholly-owned unit of Berjaya Retail ( B-Retail), Singer plans to open another 249 retail outlets in Malaysia by 2013, a move to strengthen the brand.

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The sewing machine company intends to open the proposed outlets mainly in Sabah and Sarawak regions of Malaysia.

Singer managing director Yeap Dein Wah was quoted by the Sun daily as saying that Sabah and Sarawak were the biggest markets for Singer products and the company performed well there.

"The best sales are actually from Sabah and Sarawak because we are very strong in sub-urban and rural areas," said Wah.

As a part of the expansion, the company has opened its 150th branch in Bangsar.

"The new outlet is expected to rake in a monthly revenue of about RM200,000 to RM250,000," Wah said.

"In Peninsular Malaysia, Kelantan is our biggest market."

Besides sewing machines, Singer also offers audio visual, air-conditioners, air coolers, washing machines, dryers, refrigerators, kitchen appliances and furniture

Singer holds over a 50% market share for sewing machines, which contributed 20 per cent to the company’s revenue.

Wah added that this year, the company expects its revenue to increase to MYR450m ($147.24m) up from MYR400m ($130.88m) posted in 2011.

B-Retail operates a chain of convenience stores via 7-Eleven Group and markets and sells consumer durables with installment option schemes via the Singer Group.

Established in 1906 in Malaysia, Singer has approximately 3,500 independent sales agents and a total of 561 branches operating under the ‘Singer’ brand name in Malaysia.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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