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Amway to develop shops from remaining RDCs
Jun 01, 2012
Amway (M) Holdings Bhd will allocate RM5 million to upgrade and develop its nine remaining regional distribution centres (RDCs) into Amway shops for the next three years.
"This would be one of our thrust moving forward, as the shop strategy had been very successful since it was started in 2008," said Paul Yee, Executive Director of Amway (M) Holdings, adding that they believe it will cost the firm around RM500,000 for the conversion project.
Yee noted that the investment holding company will put 10 additional products for its homecare, beauty and wellness section as it accounts for more than 50 percent of its revenue.
With nearly 55 percent of distributors aged below 35, he noted, "We will still focus on our core competency of direct selling and we continue to see constant flow of young talent joining us."
The company's business is currently sustained by a total of 232,000 people working for them.
For FY 2011, the company recorded a net profit of RM89.9 million, on the back of total revenue of RM735.8 million.