MPP to build 20 new Hypermart outlets in Indonesia
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Matahari Putra Prima, the operator of the supermarket chain Hypermart, is setting aside up to IDR882 billion (USD71 million) to beef up its retail network next year in another sign of confidence for the country’s burgeoning middle class.
Danny Kojongian, a director at Matahari Putra Prima, said that the listed company aims to build 20 new Hypermart outlets and renovate 10 existing outlets next year. The 20 additional outlets will primarily target cities in the eastern region of Indonesia, he added.
Danny said that there are also plans to build up to eight additional stores for grocery market chain Foodmart, as well as a high-end version of the grocery market chain next year, which will be called Foodmart Primo.
Questions & Answers
Q.What is Matahari Putra Prima's investment for expanding its retail network next year?
What is Matahari Putra Prima's investment for expanding its retail network next year?
Matahari Putra Prima is allocating up to IDR882 billion (USD71 million) to strengthen its retail network. This investment is planned for both building new outlets and renovating existing ones across Indonesia, focusing on the country's middle class.
Q.How many new Hypermart outlets does Matahari Putra Prima plan to open next year and where?
How many new Hypermart outlets does Matahari Putra Prima plan to open next year and where?
The company aims to build 20 new Hypermart outlets next year. These additional outlets will primarily focus on and target cities located in the eastern region of Indonesia, according to a director.
Q.Does Matahari Putra Prima have plans to expand other store formats besides Hypermart next year?
Does Matahari Putra Prima have plans to expand other store formats besides Hypermart next year?
Yes, there are plans to build up to eight additional Foodmart stores next year. Also, a new high-end version of the grocery market chain, to be named Foodmart Primo, will also be established.
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