Listed in 1998, Padini Holdings is a fashion company that is largely based in Malaysia with a business presence across Asia. Padini owns a number of well-known brands including Brands Outlet, Padini, and Vincci. Its multi-brand Padini Concept Stores are quite well-received by consumers given that a small family can shop for a father’s shirt, a mother’s dress, and the kids’ tees under one roof at affordable prices.

I attended the company’s latest annual general meeting to find out more about its past year’s performance and its outlook for the year ahead. Here are eight things I learned from the 2019 Padini AGM:

1. Revenue increased 6.2% year-on-year to RM1.8 billion in 2019. Domestic operations in Malaysia and overseas business account for 95.5% and 4.5% of 2019 revenue respectively. Since 2015, the portion of revenue from consignment stores has decreased from 7.5% to below 1% in 2019. Same-store sales growth