Convenience stores continues to witness strong growth in terms of outlet numbers and value sales. Also, the convenience store industry of the country is witnessing fast developments, and presents huge potential for convenience store players. KUALA LUMPUR: There is growing competition among Malaysian convenience store operators for viable retail space for their expansion, despite the slowing economy. 99 Speedmart is popular with housewives, migrant workers and lower-income consumers. Malaysia-based convenience retail chain MyNews is planning to open CU convenience stores from South Korea, IGD reported. GB: 239-2559-40 Registered in England No. Best Convenience Stores in Kuala Lumpur, Malaysia - News Plus, MyMart, FamilyMart, Mega 99 Superstore, 7- Eleven, Circle K SS15, Chai Joo Seng, 99 Speedmart, myNews. Photo: 99 Speedmart (Facebook) Our report provides retail market forecasts till 2020 for Malaysia. Gain competitive intelligence about market leaders. With over 150,000 registered businesses, we cover most of the services and businesses in KL, Penang, Johor and Malacca directories. VAT No. Towards the end of the review period, the retailer opened a concept store that serves as a comprehensive 24-hour haven rest stop, providing consumers with ready-to-eat fresh food, a work zone and massage chairs, all set in a prime tourist destination in the heart of Kuala Lumpur. Circle K lauded itself as a halal convenience store but is few in numbers. The number of convenience store in Malaysia is growing at a CAGR of 2.5% during 2014-2020. com If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! What is the market size of Convenience Stores in Malaysia? The research arm of CIMB Investment Bank Bhd (CIMB Research) cited Bison as Malaysia’s largest home-grown convenience store operator and has an … Files are delivered directly into your account within a few minutes of purchase. Are store numbers growing or shrinking in convenience stores? Carrefour supermarkets are present in cities and rural areas. Malaysia Convenience Store Market Regional description. Recent events have included the opening of new Family Mart stores in Melaka Raya and Johor Bahru, while MyNews. Interested in more insights? The licensing agreement with CU’s owner, BGF Retail, is for 10 years with an additional 10-year renewal term. “Malaysia Convenience Store Market Outlook 2020”, shows how the companies are building up operating efficiencies and scale to compete better market place. This one time I went camping and got all my cups and plates here for only RM5. 7-Eleven Malaysia is the single largest convenience store chain with over 1,700 stores nationwide, serving over 900,000 customers daily. Convenience store contractor in Malaysia can design and build for your convenience store, that fits to what is needed by the owner for the people. The store is always busy as you can find newspapers and magazine to keep you company on your way to the airport or into town.” more, “This is one of the many franchise outlets and convenience stores pioneered by MYDIN and it opens” more, “I tell everyone this is my favorite store because they literally have EVERYTHING inside. They don't sell alcohol and they only accept cash.The staff is very nice and friendly, so if you're lost and you're looking for directions they will…” more, “ of sandwiches for you dieters out there. The launch is planned for early 2021, with about 30-50 stores to be opened in the first year, and 500 within 5 years. According to MyNews’ founder and CEO, Dang Tai Luk, the group aims to launch CU-branded convenience stores in the country by early next year and roll out 500 CU stores … CU (<50 … The Convenience Stores in Malaysia market research report includes: Our market research reports answer questions such as: This industry report originates from Passport, our Retailing market research database. Thus, the report delivers on the developments in both retail and convenience store sectors of the country. 99 Speed Mart remains the leading player in convenience stores in value terms. The launch is planned for early 2021, with about 30-50 stores to be opened in the first year, and 500 within 5 years. 2019 saw Family Mart generate the fastest value sales growth of any player in convenience stores. The number of convenience store in Malaysia is anticipated to grow at a CAGR of 6% during 2016-2022. Streetdirectory.com.my Business Finder provides Malaysia Convenience Store products and services at our Malaysia Shopping Directory. Gain competitive intelligence about market leaders, Track key industry trends, opportunities and threats, Inform your marketing, brand, strategy and market development, sales and supply functions. The prices are quite decent, but they also have overly priced…” more, “This corner store is always clean and shining! The modern retail outlets are replacing the traditional unorganized retail outlets in Malaysia as the better wealth and lifestyles have increased the demand for quality goods, services, as well as more conducive retail environment. New outlet openings continue to expand the reach of convenience stores throughout Malaysia. In Malaysia, 7-Eleven has the biggest share in terms of the number of stores at 62%, followed by 99 Speedmart, which is essentially a small supermarket selling mainly household products including diapers. The number of convenience store in Malaysia is anticipated to grow at a CAGR of 6% during 2016-2022. Malaysia. MyNews has won a 10-year licensing agreement to operate South Korea’s CU convenience stores in Malaysia. Even before this recent news, however, it’s hard to deny that … Increasing incomes and busier lifestyles, especially among consumers in Kuala Lumpur and other major urban areas, have translated into greater consumer demand for quick and convenient access to all types of groceries. The report examines all retail channels to provide sector insight. Copyright © 2004–2021 Yelp Inc. Yelp, , and related marks are registered trademarks of Yelp. This has generated higher levels of consumer foot traffic in convenience stores, supporting more impulse purchases of other types of products that are typically sold in convenience stores. Are consumers looking for convenient shopping options in Malaysia? You can get a quick snack, some refreshments and even something to read. We have raised our targets since then: 3,000 convenience stores are expected to open by 2022. The group will open 30 to 50 CU stores in Klang Valley in 2021 to monitor their performance. Over the years, … The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries. 7-Eleven has been on the local retailing scene since 1984, but it only debuted on the stock exchange in 2014. The Malaysia Convenience Store market report shows the regional segmentation based on the regions of Asia-Pacific, North America, Europe, the Middle East, South America, and Africa. Introducing enhanced country reports featuring interactive datagraphics, charts and analysis. The report acknowledges that North America holds the largest market share during the forecast period for the product or service. 7-Eleven; MyNews; Circle K; KR1M (owned by Mydin) MyMart; Mongolia. MyNEW S recently made the news for its plans to bring a popular South Korean convenience store known as CU into Malaysia. © 2021 Euromonitor is privately owned & trademarked. They don't have a lot of options of anything, but you can definitely find some basics that you need. CU Convenience Store was established back in 2012 and to date, there are approximately 15,000 stores all across South Korea. Are branded stores winning against independents? Dublin, Jan. 02, 2020 (GLOBE NEWSWIRE) -- The "Malaysia Convenience Store Market Outlook 2022" report has been added to ResearchAndMarkets.com's offering. This location is not that large so don't expect to find a variety” more. If you're in the Convenience Stores industry in Malaysia, our research will save you time and money while empowering you to make informed, profitable decisions. CU was founded in 2012. MyNEWS recently made the news for its plans to bring a popular South Korean convenience store known as CU into Malaysia. So definitely check out circle K, it's different from any other convenient stores out there” more, 2, Jalan Anggerik Vanilla Ad 31/Ad, Seksyen 31, “Your regular convenience store. The number of convenience stores in Malaysia is anticipated to grow at a CAGR of 6% during 2016-2022. This simply means that it’s a local favourite convenience store and here’s the tea guys, MyNEWS will be bringing this brand all the way to Malaysia… Request a complimentary demonstration of our award-winning market research today. The player has recently expanded its distribution network by adding 198 new convenience stores across Malaysia over the course of 2019. One of the country’s leading consumer electronics chain stores, Senheng Electric (KL) comprises over 100 stores spread thoughout Malaysia for the convenience of its customers. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections. The convenience store format is very successful with our customers. Thus, the report delivers on the developments in both retail and convenience store … Delivery method: instant downloadReport format: PDF. Convenience Stores in Malaysia Convenience stores continues to witness strong growth in terms of outlet numbers and value sales. KK Super Mart remains an innovative presence in convenience stores in Malaysia. MyNews Holdings Bhd is bringing South Korean convenience store, CU, to Malaysia MyNews revealed on Monday that its unit MYCU Retail Sdn Bhd had signed a licensing agreement with BGF Retail, South Korea's largest convenience store operator and owner of CU. Convenience stores now offer improved availability and a wider range of options for ready-to-eat fresh food, drinks and deli products, providing greater convenience to busy working professionals and time-pressed commuters. Discover the latest market trends and uncover sources of future market growth for the Convenience Stores industry in Malaysia with research from Euromonitor's team of in-country analysts. Adding a business to Yelp is always free. However, the rising … Malaysia Convenience Stores Reports: Our 2021 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Convenience Stores … Inform your marketing, brand, strategy and market development, sales and supply functions. Household things that any person would need to go through life! Convenience stores continues to witness strong growth in terms of outlet numbers and value sales. “If you find yourself waiting for your train and have some time to kill stop by this little shop. Convenience Stores in Malaysia report offers insight into key trends and developments driving the industry. Bison … 1040587, Convenience Stores: Value Sales, Outlets and Selling Space 2014-2019, Convenience Stores: Value Sales, Outlets and Selling Space: % Growth 2014-2019, Convenience Stores GBO Company Shares: % Value 2015-2019, Convenience Stores GBN Brand Shares: % Value 2016-2019, Convenience Stores LBN Brand Shares: Outlets 2016-2019, Convenience Stores LBN Brand Shares: Selling Space 2016-2019, Convenience Stores Forecasts: Value Sales, Outlets and Selling Space 2019-2024, Convenience Stores Forecasts: Value Sales, Outlets and Selling Space: % Growth 2019-2024, Standard Opening Hours by Channel Type 2019, Hari Raya Aidilfitri (or Hari Raya Puasa), Sales in Retailing by Store-based vs Non-Store: Value 2014-2019, Sales in Retailing by Store-based vs Non-Store: % Value Growth 2014-2019, Sales in Store-based Retailing by Channel: Value 2014-2019, Sales in Store-based Retailing by Channel: % Value Growth 2014-2019, Store-based Retailing Outlets by Channel: Units 2014-2019, Store-based Retailing Outlets by Channel: % Unit Growth 2014-2019, Sales in Non-Store Retailing by Channel: Value 2014-2019, Sales in Non-Store Retailing by Channel: % Value Growth 2014-2019, Grocery Retailers: Value Sales, Outlets and Selling Space 2014-2019, Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2014-2019, Sales in Grocery Retailers by Channel: Value 2014-2019, Sales in Grocery Retailers by Channel: % Value Growth 2014-2019, Grocery Retailers Outlets by Channel: Units 2014-2019, Grocery Retailers Outlets by Channel: % Unit Growth 2014-2019, Non-Grocery Specialists: Value Sales, Outlets and Selling Space 2014-2019, Non-Grocery Specialists: Value Sales, Outlets and Selling Space: % Growth 2014-2019, Sales in Non-Grocery Specialists by Channel: Value 2014-2019, Sales in Non-Grocery Specialists by Channel: % Value Growth 2014-2019, Non-Grocery Specialists Outlets by Channel: Units 2014-2019, Non-Grocery Specialists Outlets by Channel: % Unit Growth 2014-2019, Mixed Retailers: Value Sales, Outlets and Selling Space 2014-2019, Mixed Retailers: Value Sales, Outlets and Selling Space: % Growth 2014-2019, Sales in Mixed Retailers by Channel: Value 2014-2019, Sales in Mixed Retailers by Channel: % Value Growth 2014-2019, Mixed Retailers Outlets by Channel: Units 2014-2019, Mixed Retailers Outlets by Channel: % Unit Growth 2014-2019, Retailing GBO Company Shares: % Value 2015-2019, Retailing GBN Brand Shares: % Value 2016-2019, Store-based Retailing GBO Company Shares: % Value 2015-2019, Store-based Retailing GBN Brand Shares: % Value 2016-2019, Store-based Retailing LBN Brand Shares: Outlets 2016-2019, Non-Store Retailing GBO Company Shares: % Value 2015-2019, Non-Store Retailing GBN Brand Shares: % Value 2016-2019, Grocery Retailers GBO Company Shares: % Value 2015-2019, Grocery Retailers GBN Brand Shares: % Value 2016-2019, Grocery Retailers LBN Brand Shares: Outlets 2016-2019, Grocery Retailers LBN Brand Shares: Selling Space 2016-2019, Non-Grocery Specialists GBO Company Shares: % Value 2015-2019, Non-Grocery Specialists GBN Brand Shares: % Value 2016-2019, Non-Grocery Specialists LBN Brand Shares: Outlets 2016-2019, Non-Grocery Specialists LBN Brand Shares: Selling Space 2016-2019, Mixed Retailers GBO Company Shares: % Value 2015-2019, Mixed Retailers GBN Brand Shares: % Value 2016-2019, Mixed Retailers LBN Brand Shares: Outlets 2016-2019, Mixed Retailers LBN Brand Shares: Selling Space 2016-2019, Forecast Sales in Retailing by Store-based vs Non-Store: Value 2019-2024, Forecast Sales in Retailing by Store-based vs Non-Store: % Value Growth 2019-2024, Forecast Sales in Store-based Retailing by Channel: Value 2019-2024, Forecast Sales in Store-based Retailing by Channel: % Value Growth 2019-2024, Forecast Store-based Retailing Outlets by Channel: Units 2019-2024, Forecast Store-Based Retailing Outlets by Channel: % Unit Growth 2019-2024, Forecast Sales in Non-Store Retailing by Channel: Value 2019-2024, Forecast Sales in Non-Store Retailing by Channel: % Value Growth 2019-2024, Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2019-2024, Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2019-2024, Forecast Sales in Grocery Retailers by Channel: Value 2019-2024, Forecast Sales in Grocery Retailers by Channel: % Value Growth 2019-2024, Forecast Grocery Retailers Outlets by Channel: Units 2019-2024, Forecast Grocery Retailers Outlets by Channel: % Unit Growth 2019-2024, Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space 2019-2024, Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space: % Growth 2019-2024, Forecast Sales in Non-Grocery Specialists by Channel: Value 2019-2024, Forecast Sales in Non-Grocery Specialists by Channel: % Value Growth 2019-2024, Forecast Non-Grocery Specialists Outlets by Channel: Units 2019-2024, Forecast Non-Grocery Specialists Outlets by Channel: % Unit Growth 2019-2024, Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space 2019-2024, Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2019-2024, Forecast Sales in Mixed Retailers by Channel: Value 2019-2024, Forecast Sales in Mixed Retailers by Channel: % Value Growth 2019-2024, Forecast Mixed Retailers Outlets by Channel: Units 2019-2024, Forecast Mixed Retailers Outlets by Channel: % Unit Growth 2019-2024, Convenience Stores in the United Arab Emirates, Analysis of key supply-side and demand trends, Detailed market shares for international and locally-based retailers, Historic number of stores, selling spaces and values, company and brand market shares, Five year forecasts of market trends and market growth, Robust and transparent market research methodology, conducted in-country. So if there’s a 99 Speedmart near your neighbourhood, make sure to take note of this news before you go! A convenience store, convenience shop, or corner store is a small retail business that stocks a range of everyday items such as coffee, groceries, snack foods, confectionery, soft drinks, tobacco products, over-the-counter drugs, toiletries, newspapers, and magazines. Starting from 22nd to 31st March 2020, 99 Speedmart will operate from 8AM to 8PM. Here's a complete list of Convenience Store directory in Malaysia. The number of convenience store in Malaysia is anticipated to grow at a CAGR of 6% during 2016-2022. In 2018, we were able to open 470 (145 of which in France) of the 2,000 initially planned worldwide. Increasing incomes and busier lifestyles, especially among consumers in Kuala Lumpur and other major urban areas, have translated into greater consumer demand for quick and convenient access to all types of groceries. Convenience stores continues to witness strong growth in terms of outlet numbers and value sales. The two listed convenience store companies on Bursa Malaysia are 7-Eleven Malaysia Holdings Bhd and home grown MyNews Holdings Bhd. New Report On Convenience Stores in Malaysia added to Orbisresearch.com store which has 41 pages and available for purchase at US $ 990. Subscribe to our content! Track key industry trends, opportunities and threats. A mini-mart that offers local snacks to basic essentials, 99 Speedmart is a convenience store that resembles a grocery store. Haha. Founded in 1989 by the Lim brothers, the company had its humble beginnings as a small consumer electronics shop before quickly growing into the behemoth electronics chain store that it is today. Euromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals. KK Super Mart introduces on-the-go convenience and wellbeing KK Super Mart remains … As the first Japanese-origin brand present in convenience stores in Malaysia, Family Mart has come to be seen as a particularly trendy retail chain, especially among millennials. As the first Japanese-origin brand present in convenience stores in Malaysia, Family Mart has come to be seen as a particularly trendy retail chain, especially among millennials. : 3,000 convenience stores store players and convenience store known as CU into Malaysia retail space for their,. To operate South Korea, IGD reported MyNews recently made the news for its plans to a! Neighbourhood, make sure to take note of this news before you go products... And got all my cups and plates here for only RM5, convenience store in malaysia the slowing economy all my cups plates. Always clean and shining, brand, strategy and market development, sales and supply.... 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