Padini Holdings Berhad (PADINI) is retail clothing company in Malaysia. It’s brands include Vincci, Vincci Acessories, Vincci Mini, Padini Authentics, PDI, Padini, Seed, Miki and P&Co. According to their 2019 annual report, 95.5% of the group’s revenue comes from Malaysia market (141 retail stores). Besides that, they have 40 stores outside Malaysia.
The management believes in selling apparel through bricks and mortar platform for the best customer experience. With that being said, Padini also has a step in digital retailing to complement their business model to provide consumers the best retail experience.
Moving forward, there is no formal plan to open or close stores in Malaysia and Thailand. However, they will open a Brands Outlet store in Cambodia in FY2020.