They also plan to open another 15 to 30 outlets in 5 years to add to their existing 15 oulets in Bolehland.
Haha, few Bolehlanders share their optimism.
As it is, Bolehlanders are all already suffering under the onerous yoke of the GST which is already killing off businesses.
With the drastic plunge in the value of the ringgit and salaries not going anywhere, what disposable income are we talking about that the average long suffering Bolehlander has left to spend?
Bolehland's economy is neither here nor there and it does not look like it is going anywhere for some time to come (if not for a long time to come) We don't have the people who have the smarts to push the Bolehland economy forward. Or the will to do so, because it is not expedient politically to do the necessary.
Bolehland is a small country, with a population of only some 31 million. Out of this population, how many are earning incomes and of this number how many can be said to have disposable incomes to talk of?
The market is limited however you want to look at it. Unless you are talking of trying to kill off your competitors. Well, that will be a battle royale and could be costly in the end.
However, rushing to open up another 15 to 30 outlets in five short 5 years, in a limited and uncertain market, might turn out to be just the classic way to close shop. Like how Yaohan once did.
Bolehlanders could only wish Harvey Norman the best. But we certainly don't share in their optimism of a bullish market hehe...