Indonesia news

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...
04 April 2016
Retailers in Asia are increasingly exploring new ways to maximise the online opportunity through cross border trade and new online platforms. In this article we assess the latest developments from Walmart, Matahari and FamilyMart. China: 'Walmart Global Shop' launches Walmart China has launched a new cross border online service named Walmart Global Shop, which allows shoppers on the reta...
31 March 2016
Trans Retail, Carrefour’s operator in Indonesia, plans to add ten new Transmart Carrefour stores to its national network. Rolling out a new store format Since the start of this year, Trans Retail has launched three outlets in Balikpapan, Palembang and Jakarta, as part of the company’s expansion plan. It’s planning to open another seven stores in other major cities in Indonesia. The n...
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...