Listed on the Mainboard of the Singapore Exchange in October 2012, COURTS Asia Limited ("COURTS" and together with its subsidiaries, "the Group") is a leading electrical, IT and furniture retailer in Southeast Asia that offers superior value and experience to its customers.
With its roots as a furniture retailer from the United Kingdom, COURTS was established in Singapore and Malaysia in 1974 and 1987 respectively, and entered Indonesia in 2014. Today, COURTS operates more than 80 stores in multiple store formats spanning over 1.7 million square feet of retail space. This includes the first Megastore that was pioneered in Tampines, Singapore in 2006 as part of the Economic Development Board's 'Warehouse Retail Scheme' to convert industrial land for commercial use.
In Malaysia, the Group opened its first Megastore in Sri Damansara, Selangor in July 2013, followed closely by its second one in Subang Jaya, Selangor, in January 2014. The Group's expansion into Indonesia was spearheaded by the opening of a Megastore in Kota Harapan Indah, Bekasi, located in East of Jakarta, that opened in October 2014. A second Megastore in Indonesia opened in BSD City, Southwest of Jakarta, in January 2016.
Recognised as a retailer that offers affordable and competitive prices across its product range, COURTS also offers in-house credit facilities, which allow customers the flexibility of paying for their own purchases through affordable installments. With this unique business model, the Group is able to derive additional income streams and maintain a competitive edge.
COURTS has also pioneered innovative retail concepts, which include Ultimate Screens, Cool Zone Plus, YourBedding and Market Hall. Constantly innovating to improve the shopping experience, COURTS continuously refreshes its stores to optimise the format, layout and merchandise mix.
In 2012, COURTS started its e-store and is amongst Singapore's top multi-channel retailers, growing from 7,000 stock keeping units ("SKUs") to 14,000 SKUs. In Malaysia, the e-store was launched in 2015 as part of its multi-channel strategy.
In addition, COURTS manages a customer base, with more than 1.3 million members through its 'HomeClub' loyalty programme across Singapore, Malaysia and Indonesia.
Known for being an active corporate citizen, COURTS initiates meaningful and impactful ways to give back to the community, which mainly includes helping children, youths and families in need, as well as supporting football locally.