Fashion
Courts Indonesia has opened its second megastore – inside BSD City, about 42 km west of Jakarta.
The new store is part of a strategy by Singapore-listed Courts Asia to expand its footprint beyond its core Singapore and Malaysia markets.
Billed as the largest Courts Megastore in Asia, the new outlet covers 22,694 sqm of land and boasts a shopping area of about 20,400 sqm.
“Indonesia is currently the driver of Courts’ growth,” said Roy Santoso, Courts Retail Indonesia CEO in a statement.
“Since we first entered Indonesia in 2014, we now operate two megastores and three regular outlets. We aim to open 12 more outlets by 2018. This is our commitment in catering to the demands of Indonesians,” he said.
The first Courts megastore, pictured above, opened at Bekasi, in Kota Harapan Indah, on the eastern side of Jakarta.
Courts Asia said that as of November 2015, Indonesia accounted for 1.7 per cent of the company’s total sales of S$186.1 million – up 4.2 per cent year-on-year.
Indonesia is expecting retail growth of between 11 and 12 per cent this calendar year, after a modest 8 per cent growth in 2015.
