Indonesia news

02 September 2013
Matahari Putra Prima, operator of the Hypermart stores, announced revenue growth of 15.4% to IDR 5.5tn in the first half of the year. New strategic direction bearing positive results for Matahari In 2012 Matahari undertook extensive restructuring activity, divesting non-food businesses. In 2013 this strategy is bearing fruit, as the company's large-scale debt repayment places it in a strong...
01 August 2013
Pan Asian retailer Dairy Farm announced half year sales results of US$6bn, an increase of 10%. However, net profit declined 5% to US$228m. Food businesses report decline in profit Solid like-for-like sales in most of its major businesses supported Dairy Farm's double digit sales growth. Its domestic market Hong Kong performed particularly strongly, with Wellcome supermarket's Chinese New...
17 July 2013
Ministop enters the markets, whilst domestic retailer Matahari continues expansion in Sumatra. Matahari growing regional presence Indonesian multichannel grocery retailer Matahari opens its 85th hypermarket in Pematangsiantar, North Sumatra, increasing store concentration in east Indonesia. In 2013 Matahari plans to open around 20 hypermarkets, adding to a target of 80 new stores by 201...
27 June 2013
Three stories from Asia highlight the continued expansion of the convenience store in the region, with different retailers announcing plans for growth in China, Indonesia and Malaysia. 7-Eleven to grow presence in China As part of the joint venture between Mitsui & Co, Southern Hope Industrial and Seven-Eleven Investment, 7-Eleven has announced that it will open 300 stores in Chongqing, sou...
11 March 2013
Dairy Farm reported sales of USD 9.8bn for full year 2012, an increase of 7% year-on-year, with mixed fortunes across its operating markets. Overview of performance in 2012 Dairy Farm's overall performance was positive in an increasingly challenging trading landscape. Decline in underlying profit was attributed to accounting errors in its Malaysian operations - adjusted figures showed an...
13 February 2013
Aeon continues its rapid Asian expansion, announcing plans to open malls and stores in the thriving Indonesian market. "Indonesia has great prospects" Japanese retailer Aeon will take a two-pronged approach in the Indonesian  market, openings shopping malls alongside its smaller scale retail stores, including the convenience chain Ministop. Aeon Indonesia president Toyofumi Kashi h...
05 February 2013
Temasek Holdings, an Asia investment firm headquartered in Singapore, plans to acquire a 26.1% stake in Matahari Putra Prima, a key player in Indonesia's consumer goods market. International spot light on Indonesia The deal is reported to be worth USD 300m, and is a vote in confidence both for Matahari's future growth potential, and that of the Indonesian retail market, which is being d...
22 January 2013
Indonesian convenience retailer Alfamart has raised its stake in competitor Alfamidi to 54.6% in a deal worth IDR 964.4 billion (USD 100m). Alfamart realising the great potential of Indonesia's convenience channel Convenience is the fastest growing channel in the Indonesian market. Alfamart is a leading operator in the channel, alongside Indomaret and PT Hero's Starmart. Alfamart's la...
09 January 2013
Japanese convenience retailer Lawson announced growth in operating revenue of 3.2% to JPY 372,266m for Q3 2012. This was achieved in challenging trading conditions both at home and in its key overseas market, China. Strategies for growth in a challenging domestic market Facing the challenges of deflation and increasing competition in its domestic market, Lawson is focused on improving stor...