AEON Co. (M) Bhd is allocating up to RM400 million in capital expenditure (capex) this year, slightly lower than RM500 million last year, said Executive Director Poh Ying Loo in a press conference.
He said the amount is allotted for three ongoing refurbishment works, a mall expansion, as well as the construction of a new mall.
“We are refurbishing our Bandar Sunway and Bandar Utama stores in the
Klang Valley, as well as the Tebrau City in Johor Bahru, to reset the style as well as the ambiance,” said Poh.
The Japanese retailer company currently has 35 stores and 27 malls throughout Malaysia.
Meanwhile, Poh said the company was set to launch a groceries drive-thru service, a value-added feature to its existing e-commerce business, to strengthen its omni-channel strategy.
The new service, to be rolled out at AEON Bukit Indah, Johor next month, would enable customers to buy groceries online and pick them up at the drive-thru window, Poh said.
Commenting on whether the abolishment of the Goods and Services Tax would push prices down, Poh said this was among questions posed by shareholders earlier, but it was too early to decide right now.
Meanwhile the state’s largest shopping centre Paradigm Mall JB is expanding its occupancy rate with the opening of more than 20 new reputable brands reported The Star.
WCT Malls Management retail Chief Executive Officer Selena Chua said they were pleased to welcome these retailers to the growing mix of high-quality and diverse tenants at the mall.
Our mall is more than 93% occupied at the moment and we are aiming to hit 99% by 2019, which is timely as the country gears up for Visit Malaysia Year 2020.
“As a regional mall, we play an important role in positioning the southern region as an ideal retail haven for local and international visitors,” Chua said.
She added that there would soon be a hotel and serviced apartments integrated into the mall and tenants would benefit from the increased traffic once the entire development was completed.