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As retail giants in Asia continue to adapt to an increasingly complex market, strategic store expansions play a pivotal role in their growth. Take, for instance, Indonesia’s leading grocery chain, Indomaret, which recently unveiled plans to launch 1,500 new…
Indomaret convenience store chain leads the rankings of Indonesia’s top 10 retailers. The Indomarco Prismatama-owned convenience store chain achieved sales of US$4.89 billion last year, followed by Alfamart with $3.97 billion, according to Euromonitor.…
Convenient store chain Indomaret and Indomaret Point, owned by retail group Indomarco Prismatama, were the top-selling retailers of 2017, racking up a combined US$4.89 billion in sales, according to London-based strategic market research company Euromonitor…
Indonesia’s Salim Group is planning a major foray into e-commerce this year in partnership with South Korea’s Lotte. Indo Lotte Makmur, a 50-50 JV by the two conglomerates, will launch the iLotte online shopping platform as soon as July, putting US$88 million…
Indonesia’s Alfamart has reported a healthy first half year’s performance. Alfamart sales rose by 21.5 per cent to IDR36,870 billion (US$2 billion) thanks to an aggressive store expansion program. The company’s unaudited gross profit increased 20.6 per cent.…
Indonesian online platform Tokopedia has signed an agreement with retailer Alfamart allowing online shoppers to pay at their nearest convenience store branch. Customers do not need a special account to complete a transaction in an Alfamart store. “The payment…
Southeast Asia’s largest economy, Indonesia, is ranked the world’s fifth most-attractive market for retail investment in AT Kearney’s 2016 Global Retail Development Index. In previous years it has ranked in the top 20. It is an exciting time to be investing…
Three Indonesian eCommerce platforms are about to be launched – by Astra Graphia, CT Corp and a joint venture formed by the Salim and Lotte Groups. This comes after forays into eCommerce in the past 12 months by such Indonesian conglomerates Lippo Group…
National flag carrier Garuda Indonesia is teaming up with minimarket chain Indomaret to allow air passengers to buy tickets from the chain’s outlets across the country in a bid to boost the airline’s sales. For payments, Garuda works with electronic payment…
