Mydin Mohamed Holdings Berhad (Mydin) will guide 100 retailers nationwide to transform retail shops into modern outlets this year under the Retail Shop Transformation Programme (TUKAR), an initiative pioneered by the Domestic Trade, Cooperatives and Consumerism Ministry.
Mydin Managing Director Ameer Ali Mydin said he hoped to increase retail sales by 40 and 50 per cent after completion of the transformation exercise and retailers having acquired the retail business acumen.
Two retail shops in Melaka, which concluded the transformation process in two days, saw higher sales by more than 30 per cent,” he told Bernama.
Prime Minister Najib Tun Razak, who was on a one-day working visit to Melaka yesterday, visited the two shops in Merlimau. Ameer Ali said the shops were the first under Mydin’s guidance through the transformation programme nationwide.
Another three retail shops in Melaka will undergo similar transformation soon.
Under the programme, retailers are given RM20,000 to RM60,000 loan by the?government according to their needs and Mydin will supervise transformation of?the retail shops from the traditional way of doing business into a modern?outlet.
Ameer Ali said the two retail shop owners were taught how to re-arrange and?display retail goods, renovate the shop with marble flooring and give a new coat?of paint and most importantly introduce Point of Sales system.
He said the system was important to help retailers know their profit margin,?the number of stocks that have been sold and stocks still in hand.
“These informations are very important for a retailer to do his business?efficiently,” he said.
Ameer Ali said Mydin did not receive any cash remuneration from the programme?but the real benefit was the satisfaction that “we are able to help others to do?business in the right way”