MR. D.I.Y. unveils flagship in Bang Kapi

MR. D.I.Y. unveils flagship in Bang Kapi

Employees for MR. D.I.Y. unveil the flagship store yesterday in The Mall Lifestore Bangkapi.
Employees for MR. D.I.Y. unveil the flagship store yesterday in The Mall Lifestore Bangkapi.

Home improvement retailer MR. D.I.Y. (Thailand) Co yesterday opened its flagship Bangkok store at The Mall Lifestore Bangkapi.

Andy Chin, the company's chief executive, said the opening of the flagship outlet marks a milestone as MR. D.I.Y.'s 700th store in Thailand.

The store covers 1,285 square metres and integrates modern innovation with natural elements, boasting a 12-metre display area showcasing the company's latest offerings, said Mr Chin.

Featuring more than 15,000 products across 10 categories including hardware, household items, electrical, car accessories, furnishings, stationary and sports, toys, gifts, computers and mobile accessories, the new store caters to diverse communities and residents of eastern Bangkok.

"I'm proud of how far we've come and we expect to reach 1,000 stores by 2025 as planned," he said.

According to Mr Chin, since its establishment in 2016, MR. D.I.Y. has experienced robust average growth rate in Thailand of 40%. Founded in Malaysia in 2005, MR. D.I.Y. rapidly expanded in the Thai market and has 700 stores in 72 provinces.

Some 63% of the stores are standalone, 33% are located in retail malls and 4% are express shops. With plans to open 186 stores in 2023, the company aims to have 739 stores by year-end.

He said the company expects to achieve 1,000 stores in Thailand by 2025, aligning with its initial plans.

MR. D.I.Y. has 3,500 total stores located within India, Spain and Asean, including outlets in Vietnam, Indonesia, the Philippines, Cambodia and Singapore.

"Thailand is the largest market internationally. We are optimistic about the market's prospects and will continue to expand our business next year," said Mr Chin.

He said the company operates 1,000 MR. D.I.Y. stores in Malaysia, which has a population of 32 million.

Thailand has a population of roughly 72 million and the country is home to 700 branches, indicating considerable growth potential, said Mr Chin.

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