Giant Malaysia to invest RM400 Million in 50 new hypermarkets

In a resounding testament to its commitment to delivering unparalleled shopping experiences, Giant Malaysia is set to embark on an ambitious journey. The retail giant has unveiled its plan to allocate approximately RM400 million towards the establishment of 50 new hypermarkets across Malaysia over the next five years.

This grand vision was recently unveiled by Tiger Cheah, the Chief Executive Officer of GCH Retail (Malaysia) Sdn Bhd, during the opening ceremony of their latest venture, the Giant Rawang Hypermarket.

With the retail landscape evolving rapidly, Giant Malaysia’s strategic expansion aims to redefine shopping for consumers nationwide. This significant investment underscores the company’s unwavering dedication to providing “Great Variety and Great Value” to its communities, offering a wide array of products at competitive prices.

Giant leap in retail expansion

Giant Malaysia, a prominent player in the retail industry, is set to make a substantial investment of approximately RM400 million to introduce 50 new hypermarkets across Malaysia in the coming five years.

Cheah emphasised that the forthcoming year will witness the establishment of ten new branches in West Malaysia as part of the expansion strategy. He expressed Giant’s unwavering commitment to ensuring that customers nationwide have access to their offerings.

The cost of launching one Giant hypermarket is estimated at RM8 million, and the company has allocated a budget ranging from RM400 million to RM500 million to realise its objective of 50 new branches over the next five years.

This financial commitment underscores Giant’s determination to strengthen its position as a leading retailer in the Malaysian market.

Giant Rawang Hypermarket – The inaugural step

The inauguration of the Giant Rawang Hypermarket serves as the inaugural stride in Giant Malaysia’s extensive expansion programme. The Rawang branch promises an extensive array of products at competitive prices, reinforcing the company’s dedication to providing “Great Variety and Great Value” to its communities.

In celebration of its 79th anniversary, Giant has earmarked RM79 million to lower prices, extending gratitude to loyal customers and the community for their steadfast support. The Giant Rawang Hypermarket has also opened its doors with a special treat for shoppers, offering exciting activities and promotions from September 15th to 24th, including daily deals with items priced as low as 10 sen.

Deputy Minister of Domestic Trade and Consumer Affairs, Fuziah Salleh, graced the opening event alongside Cheah, further highlighting the significance of this expansion endeavour.

Giant Malaysia, renowned for its commitment to delivering quality and affordability, looks ahead to its journey of redefining the shopping landscape across Malaysia. With plans to establish up to 50 new stores in the next five years, Cheah reaffirmed the company’s dedication to reaching and serving communities nationwide.

Cheah expressed his enthusiasm for the future, saying, “Our Team Giant has been working tirelessly to curate a quality selection of products and services that meets the many lifestyle preferences in the vicinity of our Rawang community. It’s a concerted team effort coupled with unwavering support from our business partners, whose dedication and commitment have paved the way for this momentous expansion.”

Giant Malaysia’s announcement of a substantial investment to open 50 new hypermarkets across Malaysia represents a significant step towards enhancing its presence and serving a wider customer base. The inauguration of the Giant Rawang Hypermarket is the first of many in this expansion programme, reflecting the company’s commitment to providing value and variety to communities.