Indonesian retail bussineses starts shutting down as coronavirus crisis gets worse
In this article (5)
The Indonesian retail sector has begun to shut down in the wake of the coronavirus crisis, with shopping centers and retail chains voluntarily closing the doors to non-essential categories.
More than 30 shopping malls have been shut down in the country despite no order from authorities. Lippo Malls Indonesia Retail Trust (LMIRT) has temporarily closed 11 out of 23 shopping malls in the Greater Jakarta region, Bandung and Bali.
According to LMIRT, the company will close its malls until April 9 and waive rent for all affected tenants. Essential services including supermarkets and pharmacies remain open during the shutdown.
Other shopping malls across Jakarta closed include Senayan City, Plaza Indonesia, Aeon Malls, Mall of Indonesia and Lotte Shopping Avenue.
Meanwhile, McDonald’s Indonesia will cease dine-in services across the country for two weeks starting from April 1. The company said on its social media channels that it still offers to take away, drive-through and home delivery services.
As Indonesian retail continues to wind down, many local restaurants have also closed their doors but continue to operate through third-party apps like Gojek and Grab.
Japanese fashion brand Uniqlo is among the latest retailers to temporarily close their stores in Indonesia.
As of today, Indonesia has confirmed 1414 positive cases of Covid-19 including 122 deaths and 75 recovered.
Questions & Answers
Q.Which specific Indonesian retail company has closed some of its shopping malls?
Which specific Indonesian retail company has closed some of its shopping malls?
Lippo Malls Indonesia Retail Trust (LMIRT) has temporarily closed 11 out of its 23 shopping malls. These closures affect locations in the Greater Jakarta region, Bandung, and Bali, but essential services remain open.
Q.What is McDonald's Indonesia doing regarding its services due to the crisis?
What is McDonald's Indonesia doing regarding its services due to the crisis?
McDonald's Indonesia will stop dine-in services nationwide for two weeks, starting from 1st April. They will continue to offer takeaway, drive-through, and home delivery options during this period.
Q.Are all types of businesses within shopping malls also closing their doors?
Are all types of businesses within shopping malls also closing their doors?
No, essential services such as supermarkets and pharmacies within the affected shopping malls are remaining open. Other retail categories are closing, but critical provisions are still available to the public.
Q.How long does LMIRT expect its closed malls to remain shut, and what is their policy for tenants?
How long does LMIRT expect its closed malls to remain shut, and what is their policy for tenants?
LMIRT expects its malls to remain closed until 9th April. The company has stated it will waive rent for all tenants affected by these temporary closures during this period.
Reader pulse
What is the biggest commercial impact?
23,346 votes so far