Yoong Onn Corporation Bhd (YOCB), a home linen player, aims to achieve double-digit growth for financial year ending June 30, 2010 following better economic outlook.
Managing Director Roland Chew said the retail sector had started to improve as the impact of the global financial crisis begin to ease, giving plenty of room to increase sales.
"A rebound in consumer spending and income due to the economic recovery is expected to boost sales further," he told a media conference following the company's listing on Bursa Malaysia Wednesday.
Chew said YOCB would continue to introduce new collections of home linen, featuring new materials and innovative designs to cater for the demand from premium customers.
He said the company would be on a look-out to add retail outlets and third-party retail chains.
"Most of departmental stores have aggressive expansion plans for this year and 2010. We will continue to grow and partner with them," he said. - Bernama
Source: thestar
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