Indonesia news

20 June 2016
Japanese convenience store chain Ministop has announced that it will terminate the current franchise agreement with Indonesian retailer Bahagia Niaga Lestari (BNL). Failure to gain traction in the market After ending the partnership with BNL, Ministop will have to exit the market, at least temporarily. But it’s reported that the company is searching for a new partner and will potentially...
15 June 2016
As UAE-based LuLu enters Indonesia and France-based Casino announces plans to add Leader Price stores in Morrocco and LuLu and UAE-based Majid al Futtaim discuss expansion plans in existing markets, we round up news from the region. LuLu expands in Saudi Arabia… LuLu has opened its seventh hypermarket in Saudi Arabia, a c. 18,500 sq. m store in the Amir Fawaz district of Jeddah. At the stor...
13 June 2016
The Indonesian convenience chain reported consolidated revenues of IDR 49.4tn (US$ 3.71bn) for 2015, up 20.1% year-over-year. Its total store number reached 12,210 and it will continue to drive the phenomenal expansion. Higher sales per day than 2014 Sales per day was reported to be IDR 12.2m (US$917.3) - 4.9% higher than 2014, despite the fact that 35.3% of the new stores was opened in 4Q1...
31 May 2016
Alfamart is going to utilize its 10,000 store network as pickup points for its new online shopping platform Alfacart. Taking advantage of the store network Alfacart, the new e-commerce platform will carry one million products from sellers, and is expected to generation IDR1tn (US$70m) transaction. The existing shopping website Alfaonline will be replaced. The advantage of Alfacart over th...
19 May 2016
Lotte news roundup: mobile payment, expansion in Vietnam and Indonesia Promoting L-Pay Lotte has been trying to provide an omni-channel shopping experience to its customers and is focusing on improving and promoting its mobile payment solution L-Pay. The mobile payment service has been forging ties with eight South Korean credit card firms and is also in talks with Samsung to have L-Pay app...
17 May 2016
Of the new stores, there were 244 Alfamart stores,  45 Alfamidi stores and 17 Dan+Dan stores.  Continue to focus on minimarkets By the end of Q1 2016, the largest retail chain in Indonesia Alfamart operates 12,564 stores, including 11,356 Alfamart stores, 1,070 Alfamidi stores, 38 Lawson stores and 97 Dan+Dan stores across Indonesia. Alfamart typically has a selling space of 90-100 m2 with...
10 May 2016
Leading Asian retailer AEON has revealed its full year 2015 results, reporting that operating revenue increased by 15.5% to JPY 8.2tn, while operating profit increased by 25.2% to JPY 177.9bn. Growth in all segments Supermarkets and discount stores operating revenue rose by 20.9% to JPY 3.1tn. Here, the priority has been on restructuring stores and developing new store formats, whi...
05 May 2016
PT Matahari Putra Prima Tbk (MPPA) has released Q1 sales for the 3 months ending 31 March 2016, with sales down 2.5% to Rp3.26 trillion (US$244.4m). Sales and profits decline due to inventory reset As well as declining sales, the retailer also reported a loss of Rp123.0bn (US$9.2m) during the quarter, mainly explained by the tough economic climate, actions to address inventory levels and ...
12 April 2016
Tesco has announced a deal to sell part of its stake in South East Asian online marketplace Lazada, whilst the deal will further boost the reach of Chinese e-commerce giant Alibaba. Tesco will retain a small stake in Lazada Tesco invested in Lazada in November 2013 and held a 19.6% stake in the online marketplace. However, it has entered into an agreement to sell an 8.6% equity stake to...
11 April 2016
SPAR International saw global sales rise by 3.5% in 2015 to €33.0 bn, which it said was its ‘ strongest in five years ’ and driven by the growing pace of recovery in Europe and expansion of the SPAR brand in emerging markets. Results ‘ show… continuing strength and attractiveness of SPAR brand ’ By region, SPAR International highlighted some specific countries where it had enjoyed particula...