Matahari Wins Bronze in 2017 Retail Asia Pacific Top 500 Award
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Matahari Department Store, Indonesia’s largest department store retailer of fashion, beauty and home products, received bronze medals in the 2017 Retail Asia Pacific Top 500 Award in the categories of top department store retailers and top three retailers in Indonesia, in an event held at Westin Hotel Kuala Lumpur on Tuesday (24/10).
According to an official statement we received on Friday, the awards were presented to outstanding retailers from major countries across the Asia Pacific, including Australia, Hong Kong, Indonesia, Malaysia, the Philippines, South Korea, Thailand, China, India, Japan, New Zealand, Singapore, Taiwan and Vietnam.
Retail Asia, auditing firm KPMG and Euromonitor International ranked retailers across 14 countries according to performance and categorized by outlet types. Matahari is included in the department store category.
Matahari won the award for its ability to adapt to changing habits of customer who rely more on online shopping in the digital era.
The retailer recently announced a partnership with Walt Disney Company to increase the number of visitors coming to its chain of stores.
Matahari currently operates 155 outlets across the country, and plans to open three new stores by the end of the year.
Questions & Answers
Q.What specific awards did Matahari Department Store receive?
What specific awards did Matahari Department Store receive?
Matahari received bronze medals in the 2017 Retail Asia Pacific Top 500 Award for being a top department store retailer and one of the top three retailers in Indonesia.
Q.Which organisations were responsible for ranking the retailers for these awards?
Which organisations were responsible for ranking the retailers for these awards?
Retail Asia, auditing firm KPMG, and Euromonitor International collaborated to rank the retailers for the awards.
Q.What strategy did Matahari implement to address the shift towards online shopping?
What strategy did Matahari implement to address the shift towards online shopping?
Matahari won the award partly for its ability to adapt to changing customer habits, including a recent partnership with Walt Disney Company to increase store visitors.
Q.How many new stores does Matahari plan to open by the end of the year?
How many new stores does Matahari plan to open by the end of the year?
Matahari plans to open three new stores by the end of the current year, adding to its existing 155 outlets across Indonesia.
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