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E-commerce accounted for 8 percent of total retail sales in Indonesia last year, on course to reach 18 percent by 2023, fueled by changing behavior among tech-savvy customers who are willing to spend more for convenience, according to a recent study by…
Residents of Cilegon in Banten Province, Indonesia, responded enthusiastically to the opening of Matahari Department Store’s 155th outlet on Friday (01/06). In addition to being strategically located in the central business district, the 5,700-square-meter…
New leadership taking over the helm of troubled Indonesian hypermarket retailer Matahari Putra Prima (MPPA) have been presented with an improved set of trading figures. While sales were down in the first quarter of the new fiscal year, so were expenses,…
Indonesian hypermarket chain Matahari Putra Prima was apparently so ashamed of its financial performance last year it issued a press release about its results without a single financial detail included. A little sleuthing online reveals the struggling giant –…
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…
The award assessed the performance of the best public companies in Indonesia and Southeast Asia based on Wealth Added Index (WAI), a calculation method developed by Stern Stewart. WAI is a metric used to measure the wealth created by a company for its…
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…
Indonesia public listed retail company PT Matahari Department Store Tbk (LPPF) has increased its ownership in PT Global Ecommerce Indonesia (GEI), which indirectly owns stake in e-commerce player MatahariMall.com. GEI is the controlling shareholder of PT…
PT Matahari Putra Prima has relaunched its Hypermart G7 concept at Metro Indah Mall Bandung in West Java. Another Hypermart store within the same province reopened on September 26, at Depok Town Square as the multi-format Indonesian retailer speeds up its…
Matahari Putra Prima has opened its 111th hypermarket, at Lombok Epicentrum Mall, Mataram Director of communications and PR, Danny Kojongian, says the new Matahari Hypermart features the new G7 design concept the company is rolling out across its hypermarkets…
Indonesia’s PT Matahari Putra Prima has opened the primary of a brand new upmarket grocery retail retailer format. The multi-format trendy retailer, which operates Hypermart, Foodmart and Boston Well being & Magnificence chains, has branded its new supply…
Matahari Indonesia has opened its 110th Hypermart in Tanjung Uncang, Batam. The new store has an area of about 6200 sqm stocked with a variety of household goods. It is Matahari’s third hypermart in Batam province. Director of communications and PR with…
Indonesia’s Matahari Putra Prima, the operator of Hypermart, Foodmart and the Boston Health & Beauty retail chain, opened a Foodmart supermarket in Madiun, East Java, on Monday, as part of the company’s expansion to the fast growing city. The store is located…
Matahari Putra Prima has opened its 10th hypermarket – and its first in Ketapang, Kalimentan. The multi-format Indonesia Indonesian retailer operates Hypermart, Foodmart and Boston Health & Beauty stores. The new hypermarkets is located at Borneo City Mall,…
Matahari Department Store (MDS) opened a new store in Indonesia’s Singkawang, West Kalimantan, to tap the economy prospects in the region, the publicly-listed company said in a statement on Thursday. The store, called Matahari Singkawang Grand Mall – MDS’s…
