Sin Chew interviews Lee Thiam Wah, founder of 99 Speedmart. Full story (in Chinese) here...
http://sinchew.com.my/node/1687279/%E7%A8%...%AB%98%E5%B3%B0

Excerpt:
- 99 Speedmart celebrates its 30th anniversary.
- It opened its 1,000th store last August.
- It has outlets in Selangor, KL, N. Sembilan, Melaka, Johor, Perak, Pahang & Sabah.
- The founder is eyeing the next 1,00 stores within 5 years, with an average of 4 new stores every week
- It reported a revenue of RM3 bil in 2016; the projected revenue for this year is RM3.5 bil.
- Currently, it has no plan to go public

The 1,000th outlet in Shah Alam

Fresh Milk. Nice!

Not even a datuk ? Wahh very low profile ... Btw the mart have quite alot of robbery cases

Nice interview from poor to rich

KR1M shld let them run

Sure better than Maideenn.

very reasonable and competitive price

sometime their discount even greater than shopping like giant/tesco/mydin

they target at residential area, very smart, unlike shopping, ppl need drive a distance

Kkmart and speedmart both awesome

But how the hell do u track all your stores hmm

some of their price tag even cheaper than the promotion printed prices on packaging lol..

klang taiko wash moneh

Goodingla...just opened new branch at mitc area...

the most important .. they hired all locals .. malay/chinese and indian ..

not like itu 7/11 ..

This post has been edited by MoonRider: Oct 1 2017, 10:13 PM

at this lvl 1000 stores they got benefit of bulk purchase.

undercut kau kau. I bet the start was quite tough.

yeah 99 all local staff

7/11 literally all bangla. since last 2 years i didnt see any local staff

respect this guy... nothing is impossible

Their making money at warehouse, buy soooo many tons and tons, distribute to all 1000 outlet.

Their mineral water is so cheap! 24bottle just RM6

The outlet near my place, the staff's BM accent is different. Possibly East Malaysians.

Their run the business with cheapskate style, their lorry all buy second hand and really old lorry.
The 99building HQ at klang is no CF last time because build too near with main road.

This post has been edited by dadurtyz: Oct 1 2017, 10:20 PM

Already buying bulk since business started. All excess sold thru another outlet called Nison.

i heard mama also got share......


bik mom

Meanwhile Mara Digital Mall complain kaw kaw because sole distributor....???...???
You should know your answers well by now.