Department Stores Still Survive Amid Difficulties: https://industri.kontan.co.id/news/departement-store-masih-bertahan-di-tengah-kesulitan/23 December 2018
Retail performance in 2018 can be said to have increased compared to last year. In 2018, although there are still a number of store closures, retailers also offset the expansion of new outlets. President Director of PT Sarinah (Persero), Gusti Ngurah Putu Sugiarta said that the challenge to develop the department store format was enormous. This is what makes the contribution of his current retail business, overtaken by the import-export business line.
Chairman of the Indonesian Retail Entrepreneurs Association (Aprindo), Roy N Mandey, said that the key retailer can grow is expansion. In general, this year's growth is better than last year, in fact he predicted retail transactions to reach Rp.240 trillion, up 10%. It's just that retail investment, especially the department store, is still not as large as usual. Some retailers who are interested in entering Indonesia are dominated by brand stores instead of department stores. One of them is brand stores from Japan.
Currently, department stores continue to innovate to keep up with the times. Not only beautifying the display of outlets, some players have also begun to develop online businesses to encourage sales, while also increasing the tenant mix. Even though conditions are difficult, department stores still survive. In this era of disruption, department stores were forced to be more creative and innovative.
Matahari Closes Outlets, The Retail Industry Has Not Recovered Until the End of 2021: https://katadata.co.id/ekarina/berita/5fc64beeab173/matahari-tutup-gerai-industri-retail-belum-pulih-hingga-akhir-2021/1 December 2020
The retail company PT Matahari Department Store Tbk (LPPF) explained a number of business pressures that the company experienced until the fourth quarter of 2020 due to the Covid-19 pandemic. The company closed six stores and discontinued seven brands bought directly to control inventory and reduce costs.
With these constraints, the company closed six large format outlets with unfavorable performance, namely four in Java, one in Bali and one in Sulawesi. So that, by the end of the year, the company will operate 147 outlets. In the future, the company will conduct more conservative purchasing management, considering the decline in purchasing power and current economic conditions.
Department Stores in Indonesia
Indonesia Industry Report and Market Research
August 18, 2023
Industry Code : G6221
Forecast to : 2027
Definition
Department Stores in Indonesia This class consists of units mainly engaged in a significant proportion of retail sales in commodities, primarily furniture and other soft goods; clothing, footwear and leather goods; glassware, porcelain and house-wares; watches; perfumes and cosmetics; electronic and household appliances. Separate departments or sections with accounting normally sell the above-mentioned goods and other records are maintained on a departmentalized basis.
Activities
The primary activities of firms in this industry are:
The Department Stores industry in Indonesia research report contain trend analysis, statistics, market size information, industry growth rates as well as major competitors.
Major market segments are identified and also those forces affecting demand and supply within this industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information DIS also provides 5 year forecasts for this industry.
The comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.
