Indonesia news

24 August 2016
Alfamart has reported strong sales and profit growth in H1 with continued store expansion. Increased sales and profit Total revenue increased by 21.5% in the first half of 2016 reaching IDR36,870bn (US$2.0bn). Unaudited gross profit for H1 also increased by 20.6%. New store openings mainly outside of Greater Jakarta With a network total of 12,971 stores, Alfamart group remains narrowl...
08 August 2016
Indomarco Prismatama has reported consolidated sales of IDR29.1 tn (US$2.2m) for H1 2016, 28.1% higher than H1 2015. Store opening on track Indomaret plans to open 1600 stores in 2016. As of 30th of June, the retailer operated 13,099 stores, 889 more than end of 2015. Java-Bali area continues to be the focus growth area of the store network. There are 686 more stores in Java-Bali at the end...
02 August 2016
PT Matahari Putra Prima Tbk (MPPA) has reported a 2.1% increase in net sales for H1 2016 to IDR7.0 tn (US$535m). The resumption of growth was driven by the strong performance in Q2 - 6.5% increase versus same time last year. Store upgrade and Ramadan drive like-for-like growth in Q2 In Q2,like-for-like improved by 4.5% compared to Q2 2015, especially in hypermarkets that have been renovated...
29 July 2016
Hypermarkets and supermarkets sales down 2% Hypermarkets and supermarkets are the retailer's main formats, accounting for 77% of total sales of all subsidiaries. Sales declined in Singapore and Indonesia following the closure of underperforming stores, though profitability was improved. In Hong Kong, sales increased but profits were impacted by higher rental and labour costs. Sales were flat b...
12 July 2016
FamilyMart, one of Japan’s leading convenience store operators, has posted a 3.1% increase in operating revenues to JPY102bn (US$986m) in Q1 2016, whilst its operating income has declined 5.9%, to JPY10bn (US$100m). Sales growth driven by new stores While FamilyMart has seen a 1% uplift in LFL store sales, the aggressive store expansion in Q1 is also a key driver of the company’s solid ...
12 July 2016
The launch of Inamall, a marketplace on Tmall Global enables Indonesian businesses to sell to Chinese consumers directly. Supported by the Indonesian government Inamall was luanched by Indonesian Trade Minister Thomas Lembong and Alibaba Group vice president Brian A Wong. “ E-commerce is among the fastest and most effective way to reach out hundreds of millions of consumers in China and ...
05 July 2016
Uni-President Enterprises, one of the largest conglomerates in Taiwan, has set a target to significantly boost its sales in Southeast Asia within the next few years. Double or triple the sales in the region Uni-President currently operates the 7-Eleven convenience store chain in Taiwan, the Philippines, and China. The company recognises the exciting opportunities backed by the large po...
04 July 2016
Watsons Indonesia plans to add between 15 and 20 new stores in 2016, on Java, Bali and in Jakarta. The new stores will open predominantly in shopping malls. Targeting 18.2 percent growth in revenue this year The stores in Indonesia are operated by Duta Intidaya, founded in 2005 and is listed on the Indonesia Stock Exchange from June. Duta Intidaya currently operates 47 Watsons branches in J...
30 June 2016
In this roundup we look at the global partnership between Alibaba and Mars Inc, the launch of a British Mall on JD.com, as well as a new agreement Alfamart has signed with Tokopedia. Mars teams up with Alibaba Mars Inc has revealed that it will form a global strategic partnership with China’s e-commerce giant Alibaba. This expands on the successful tie-ups Mars has built with Tmall, Al...
22 June 2016
Amazon is going to invest US$600m in Indonesia, according to Daniel Tumiwa, the Chairman of the Ecommerce Association of Indonesia (IDEA), reported by local media Kompas. One-year testing period The IDEA chairman said he did not know exactly when Amazon would begin operations in Indonesia but said that the company would probably follow the same pattern as its expansion into other large co...