News | Third quarter

Back

Less transactions, but bigger baskets: Mr. DIY grows by 3.8 per cent

Mr. DIY is Malaysia’s largest home improvement retailer.

Mr. DIY is Malaysia’s largest home improvement retailer.

Its tills rang up purchases less often, but Malaysian home improvement chain Mr. DIY Group saw a sales uptick in the third quarter of 2021 thanks to shoppers who are spending more per store visit. The operator of Mr. DIY stores in Malaysia and Brunei disclosed revenues of 768.02 mio Malaysian ringgit (MYR, EUR 159.66 mio) for the period, up 3.8 per cent from the same quarter last year.

A seven per cent fall in transactions due to Covid-19-related store closures affected sales, but a 12 per cent rise in shoppers' average basket size, along with fresh revenues from the 107 new stores Mr. DIY opened so far this year, lent support.

For the nine months ending September 2021, revenues rose 33.9 per cent to MYR 2.398 bn (EUR 499.25 mio). Malaysia sales accounted for MYR 2.377 bn (EUR 494.88 mio, up 33.9 per cent) while Brunei contributed MYR 20.179 mio (EUR 4.20 mio, a 20 per cent rise).

"As economic activity has largely returned to normality post-September 2021, the group remains confident of its ability to deliver long-term sustainable growth," Mr. DIY said.

Malaysia's biggest home improvement retailer is slated to open 68 more stores across all its brands in the last quarter. It was set to open 35 branches last October alone.

| 3 November 2021 | 15:45


Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

The pandemic has turned the French into better DIYers

Due to the pandemic, living and the home have become more important to the French. In the past two years, they have taken on more improvement View news...

“I just love trade fairs”: John Herbert talks with Gerald Böse

The fact that the international home improvement and gardening industry hopes to be able to visit trade fairs again next year was made clear once View news...

How do I get on page 1 of the Amazon search?

How to work successfully as a supplier with the data-driven business model of e-commerce market leader Amazon was the subject of another online View news...

German home improvement sales in 2021 significantly short of previous year

This year, home improvement stores in Germany are set to experience a 9.1 per cent downturn in sales compared with the record year of 2020. This View news...