Frost & Sullivan accords MR D.I.Y. “Company of the Year” award for the 2nd year in a row
KUALA LUMPUR, 11 AUGUST 2022 - Not once, not twice, but thrice! MR D.I.Y. Group (M) Berhad or (MR.DIY) has done it again. Malaysia’s largest home improvement retailer has been named Frost & Sullivan’s 2022 Company of the Year in the Malaysia Home Improvement Retail Industry. In 2020, MR.DIY was awarded the Market Leadership Award, and in 2021, for the very first time, the Company of the Year Award.
A research & consulting firm, Frost & Sullivan takes a meticulous and stringent approach when selecting the nominees in each award category, making a detailed evaluation across two key dimensions – visionary innovation & performance, and customer impact. The firm’s Company of the Year Award is its top honor that recognizes visionary innovation, market-leading performance, and unmatched customer care through its Best Practices Award analysis.
Announcing the achievement, MR D.I.Y. Group Head of Marketing, Alex Goh said, “We are proud to be accorded this award by Frost & Sullivan for the third time in as many years. This is indeed great recognition of the work that we do everyday, and it also demonstrates that we continue to stay relevant to Malaysians with our promise of “Always Low Prices”. We wouldn’t have been able to achieve this award without the passion, commitment and loyalty of our 13,000 employees nationwide, as well as the trust and confidence of our business partners, suppliers and friends. This award goes out to them.”
“This month, as we celebrate Malaysia’s 65th Merdeka, we also celebrate the opening of our 1,000th store. We have come a long way since we opened our first store in 2005. We commit to creating innovative retail experiences that capture the imagination of Malaysians, to always deliver value, and to serve our communities so that we positively impact lives,” added Goh.
Commenting on its recognition of MR.DIY., Narciso Podda, Director of Frost & Sullivan, said “MR D.I.Y. Group (M) Berhad’s market leadership in Malaysia’s highly fragmented home improvement retail industry remains unchallenged with its attractive value proposition for consumers, business scale, and internal operational efficiencies. This top-of-mind brand fulfills consumer needs for affordable home improvement products, complementing value for money with shopping convenience. With more stores and new store formats opening across the country, the company will continue driving innovation and overall industry growth, as reflected in its revenue growth that outperforms the industry average.”
MR.DIY has commandeered a number of major accolades over its 17-year history, including being inducted into the FTSE4Good Index, being recognised as Malaysia’s Brand of the Year for four consecutive years, being listed in the Deloitte Malaysia Best Managed Companies Awards 2021 and the Putra Brand Awards - Gold Award 2021 in Retail Category.