Mom's Care expects sales to double to RM8m this year
The mother and baby care product retailer plans to spend up to RM4 million from now until 2010 to open stores and upgrade existing ones
MOM'S Care Sdn Bhd, a mother and baby care product retailer, expects sales to double to RM8 million this year, driven by strong demand for baby products and maternity wear.
"Despite the current economic climate, our business remains unaffected. We continue to see tremendous growth prospect as consumers become more informed, knowledgeable and discerning," managing director Gwei Tze-Co told pressmen after the launch of its latest outlet in Subang yesterday.
The company plans to spend up to RM4 million from now until 2010 to open new stores and upgrade existing ones.
Gwei said Mom's Care will invest up to RM1.5 million to set up three new stores and upgrade one outlet this year. Next year, it will set up as much as three new stores and upgrade another two for RM2.5 million.
Yesterday, it opened the seventh outlet in Sunway Pyramid Shopping Centre and it aims to have 10 stores nationwide before the end of 2010.
The 1,066 sq m store at Sunway Pyramid's Kid Zone is one of three new Mom's Care outlet opened this year as part of the company's nationwide expansion plan.
The Queensbay Mall outlet in Penang opened in April 2009 while the Aeon Tebrau City outlet in Johor started operations in July this year.
Mom's Care will relocate its centre in the Mid Valley Megamall to a bigger lot by December this year.
The outlets in Ampang Point and 1 Utama shopping centres will also be upgraded next year.
Its flagship outlet at Ikano Power Centre, which opened in July last year, was the first to feature the company's new corporate identity and layout.
Gwei said that the new outlets and the introduction of new baby care brands would help spur growth of Mom's Care.
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