Indonesia news

29 March 2016
The pan-Asian retail group Aeon Mall plans to expands its footprint in Asia by opening new shopping malls in Indonesia and Vietnam, and evaluating potential opportunities in Laos, Myanmar and Thailand. Plans to open nine new stores by 2020 Aeon Mall opened its first store in Indonesia in 2015 and the group is planning to open five new malls in Jakarta under its 2020 strategy. It will al...
23 March 2016
Matahari Putra Prima, a multi-format modern retailer in Indonesia, has reported net sales of IDR 13.9tn (US$1.1bn) in FY2015, up 2.5% from the previous year. However, its net income dropped by 67% to IDR 183bn (US$13.9m).  Inventory build-up crimps bottom line As one of Indonesia’s largest retail networks, Matahari’s performance in FY2015 is below expectations, considering the double dig...
09 March 2016
Asian retail giant Dairy Farm has revealed that sales were up 5% on a constant currency basis for the financial year ending December 2015, but the challenging operating environment across Asia resulted in a 17% fall in profit. Performance impacted by difficult regional conditions Despite sales improvement across all formats in constant currency, the group’s like-for-like sales remained ...
25 February 2016
Hero Supermarket, Dairy Farm's subsidiary in Indonesia, has announced that it will sell its Starmart convenience store operations. FamilyMart Indonesia takes over Hero has signed a deal to sell 80 Starmart stores to PT Fajar Mitra Indah, an Indonesian food conglomerate that owns the FamilyMart franchise in the country. After the transfer, Starmart will trade under the FamilyMart bra...
24 February 2016
Singapore’s GIC fund will make an investment of IDR5.2trillion (US$364m) in PT Trans Retail, which operates the Carrefour and Transmart networks in Indonesia. Partnership will enable expansion plans PT Trans Retail, the retail arm of Indonesian conglomerate CT Corp, is one of the leading operators of 86 hypermarkets and supermarkets, as well as two cash & carry stores across the count...
23 February 2016
South Korean retailer Lotte Group has announced to enter Indonesia’s e-commerce market, through a joint venture with the country’s biggest conglomerate Salim Group. New company to launch in 2017 Last Friday, Lotte signed a memorandum of understanding (MOU) agreement with Salim Group, in which the two companies agreed to establish an e-commerce joint venture in the first half of this ye...
16 February 2016
Japanese e-commerce giant Rakuten will shut down its marketplace in Singapore on 1 March 2016, which will be followed by further closures of its operations in Malaysia and Indonesia. South east Asia strategic overhaul The closures across three ASEAN countries are part of Rakuten’s new transformation strategy. The company is planning to shift its operations in the region from a business...
09 February 2016
Indonesian-based Matahari Putra Prima (MPPA) has launched a new concept of its Foodmart supermarket format called Foodmart Fresh, as well as invested in ecommerce Marketplace MatahariMall.com. Foodmart stores to be rebranded as Foodmart Fresh Last year MPPA launched a premium Foodmart concept called Foodmart Primo and will now rebrand its regular Foodmart stores under the new Foodmart...
02 February 2016
In this round up we look at expansion plans, online market size prediction as well as partnership news from three online retailers in Asia. RedMart: raising US$100m for expansion RedMart, a Singapore-based online grocery retailer, is reported to be in the advanced stage of discussions related to closing a US$100m investment which will fuel its expansion in Asia. Established in 2011, ...
26 January 2016
In this Asia update, we look at the latest developments in online retail across the region, including expansion plans for Amazon India and Mobile World, as well as deregulation for e-commerce in Indonesia. Amazon injects US$250m into its Indian operation Amazon will infuse INR 1,696 crore (US$250m) into its Indian operation Amazon Seller Services, making it the largest capital invest...