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 99 Speedmart now has 2.3k outlet, to open 300 more

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contagiouseddie
post Mar 23 2023, 05:41 PM

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Empty because they sold out very quickly. Even Bangla and Indon come and clean all their inventory. I would say nearly all their stuff is the cheapest compared to the rest. GT Mart is slightly more expensive but cleaner overall. They basically single handedly killed hypermarket industry.

My dad used to run a small sundry shop nearby the very 1st 99 in Klang. Still remember vividly they had grill at the door that you can ask at the front what you want to purchase to protect themselves from parang wielding robbers. Fast forward today, while my dad's shop has closed down since a long time, 99 became a national pride started by a guy on a wheel chair. It really show you don't need a tongkat to be successful.
TSpremier239
post Mar 23 2023, 05:46 PM

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QUOTE(contagiouseddie @ Mar 23 2023, 05:41 PM)
Empty because they sold out very quickly. Even Bangla and Indon come and clean all their inventory. I would say nearly all their stuff is the cheapest compared to the rest. GT Mart is slightly more expensive but cleaner overall. They basically single handedly killed hypermarket industry.

My dad used to run a small sundry shop nearby the very 1st 99 in Klang. Still remember vividly they had grill at the door that you can ask at the front what you want to purchase to protect themselves from parang wielding robbers. Fast forward today, while my dad's shop has closed down since a long time, 99 became a national pride started by a guy on a wheel chair. It really show you don't need a tongkat to be successful.
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inb4 someone will soon tell u how the 99 boss got his massive capital for aggressive expansion
knumskul
post Mar 23 2023, 05:47 PM

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QUOTE(diffyhelman2 @ Mar 23 2023, 05:34 PM)
So where can find cheaper?
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I still find them to be the cheapest. Especially for the convenience factor. 3 outlets within 10mins walking distance from my place.
diffyhelman2
post Mar 23 2023, 05:48 PM

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QUOTE(premier239 @ Mar 23 2023, 05:46 PM)
inb4 someone will soon tell u how the 99 boss got his massive capital for aggressive expansion
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MLM? money game wash money?

This post has been edited by diffyhelman2: Mar 23 2023, 05:49 PM
The.Lucas.DaY
post Mar 23 2023, 05:50 PM

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In my area, there must be 1 outlet for each taman, 99 is everywhere nearby....
WaCKy-Angel
post Mar 23 2023, 05:53 PM

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QUOTE(scorgio @ Mar 23 2023, 03:54 PM)
99 Taukeh in his personal capacity, owns half of BK Malaysia & 5% of Alliance Bank.
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Semua cuma ilusi. Money all loan from bank.

Open 99 many branches make ilusi like earning alot, bank will beg him to take loan, then buy the bank.
Later declare 99 bankrap loan no need pay.


Come on if mini mart so good earning why now many successful?

Why bjg hypermarket also kolos

Not to mention the money sure got come from black market

This post has been edited by WaCKy-Angel: Mar 23 2023, 05:53 PM
Knnbuccb
post Mar 23 2023, 06:11 PM

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QUOTE(WaCKy-Angel @ Mar 23 2023, 05:53 PM)
Semua cuma ilusi. Money all loan from bank.

Open 99 many branches make ilusi like earning alot, bank will beg him to take loan, then buy the bank.
Later declare 99 bankrap loan no need pay.
Come on if mini mart so good earning why now many successful?

Why bjg hypermarket also kolos

Not to mention the money sure got come from black market
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why other kolos

becase he sapu all the business?

so many here say the shops always empty because items fly off the shelves so fast
diffyhelman2
post Mar 23 2023, 06:14 PM

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QUOTE(WaCKy-Angel @ Mar 23 2023, 05:53 PM)
Semua cuma ilusi. Money all loan from bank.

Come on if mini mart so good earning why now many successful?

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I do see some innovations/differences in their biz model compared to old minimart style biz. number one is the stock turnover. they carry very limited but very high demand basic need items only. very different from your old style kedai runcit. no need to say their location always in high footfall traffic areas. basically they brought JIT inventory mgmt to minimart biz at scale to malaysia.

This post has been edited by diffyhelman2: Mar 23 2023, 06:15 PM
Singh_Kalan
post Mar 23 2023, 06:24 PM

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In this business, inventory management is the most important. Everyday empty shelf, not going to last long
treblecase
post Mar 23 2023, 06:34 PM

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99 & KK kearah kuasa besar dunia.

Oh and Eco store too (have you seen their gigantic multi building warehouses at Port Klang?)
K.I.T.T
post Mar 24 2023, 12:54 AM

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QUOTE(The.Lucas.DaY @ Mar 23 2023, 05:50 PM)
In my area, there must be 1 outlet for each taman, 99 is everywhere nearby....
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During GST time speedmart really make money
contestchris
post Mar 24 2023, 12:58 AM

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Got some places, with 3 or 4 Speedmarts within a few hundred sq meters.
Selectt
post Mar 24 2023, 01:09 AM

wattttt!!
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QUOTE(diffyhelman2 @ Mar 23 2023, 03:50 PM)
99 is a supermarket, 7e is a convenience store, apples and orange. in fact 99 prices for some of their items are even lower than some items in tescolotus and hypermart.
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most but not all
Selectt
post Mar 24 2023, 01:14 AM

wattttt!!
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QUOTE(WaCKy-Angel @ Mar 23 2023, 05:53 PM)
Semua cuma ilusi. Money all loan from bank.

Open 99 many branches make ilusi like earning alot, bank will beg him to take loan, then buy the bank.
Later declare 99 bankrap loan no need pay.
Come on if mini mart so good earning why now many successful?

Why bjg hypermarket also kolos

Not to mention the money sure got come from black market
*
cook the book and bait big investor in? thats how capitalist work

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