Matahari

Don't Miss:

24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )
16/04/2024 Google Chat working on adding group audio and video call function within Gmail Spaces ( General )
15/04/2024 Tim Cook arrives in Vietnam ( Electronics )
15/04/2024 Vietravel Airlines reports first profits in 3 years ( General )

Retail Asia06/02/2019

E-commerce accounted for 8 percent of total retail sales in Indonesia last year, on course to reach 18 percent by 2023, fueled by changing behavior among tech-savvy customers who are willing to spend more for convenience, according to a recent study by American multinational investment bank Morgan Stanley. The study estimates the size of Indonesia’s […]

CONTINUE READING

Retail Asia05/06/2018

Residents of Cilegon in Banten Province, Indonesia, responded enthusiastically to the opening of Matahari Department Store’s 155th outlet on Friday (01/06). In addition to being strategically located in the central business district, the 5,700-square-meter store inside the 67,000 square-meter Cilegon Center shopping mall also boasts a modern design. The first day of trading saw extraordinary […]

CONTINUE READING

Retail Asia04/05/2018

New leadership taking over the helm of troubled Indonesian hypermarket retailer Matahari Putra Prima (MPPA) have been presented with an improved set of trading figures. While sales were down in the first quarter of the new fiscal year, so were expenses, leading to a slight narrowing of the company’s losses. Net sales of Rp2.9 trillion […]

CONTINUE READING

Retail Asia04/04/2018

Indonesian hypermarket chain Matahari Putra Prima was apparently so ashamed of its financial performance last year it issued a press release about its results without a single financial detail included. A little sleuthing online reveals the struggling giant – whose interests also include fashion stores – reported a loss of 1.24 trillion rupiah last year […]

CONTINUE READING

Retail Asia13/11/2017

Matahari Department Store, Indonesia’s largest department store retailer of fashion, beauty and home products, received bronze medals in the 2017 Retail Asia Pacific Top 500 Award in the categories of top department store retailers and top three retailers in Indonesia, in an event held at Westin Hotel Kuala Lumpur on Tuesday (24/10). According to an […]

CONTINUE READING

Retail Asia13/07/2017

The award assessed the performance of the best public companies in Indonesia and Southeast Asia based on Wealth Added Index (WAI), a calculation method developed by Stern Stewart. WAI is a metric used to measure the wealth created by a company for its shareholders. WAI is obtained by taking the adjusted total shareholder value minus […]

CONTINUE READING

Retail Asia21/06/2016

Southeast Asia’s largest economy, Indonesia, is ranked the world’s fifth most-attractive market for retail investment in AT Kearney’s 2016 Global Retail Development Index. In previous years it has ranked in the top 20. It is an exciting time to be investing in Indonesia’s retail sector, the index says. The country scores 64.3 in market size […]

CONTINUE READING

Retail Asia08/01/2016

Indonesia public listed retail company PT Matahari Department Store Tbk (LPPF) has increased its ownership in PT Global Ecommerce Indonesia (GEI), which indirectly owns stake in e-commerce player MatahariMall.com. GEI is the controlling shareholder of PT Sinar Rekata Earth and PT Lenteng Transcontinental. The two subsidiaries are the principal shareholders of PT Solutions E-commerce Global, which operates MatahariMall.com. […]

CONTINUE READING

Retail Asia13/10/2015

PT Matahari Putra Prima has relaunched its Hypermart G7 concept at Metro Indah Mall Bandung in West Java. Another Hypermart store within the same province reopened on September 26, at Depok Town Square as the multi-format Indonesian retailer speeds up its hypermarket modernisation program. The Hypermart G7 generation features a new type of gondola shelving […]

CONTINUE READING

Retail Asia07/07/2015

Matahari Putra Prima has opened its 111th hypermarket, at Lombok Epicentrum Mall, Mataram Director of communications and PR, Danny Kojongian, says the new Matahari Hypermart features the new G7 design concept the company is rolling out across its hypermarkets in Indonesia. The decision to open in Lombok is due to rising consumer spending in Indonesia’s […]

CONTINUE READING

Retail Asia02/07/2015

Indonesia’s PT Matahari Putra Prima has opened the primary of a brand new upmarket grocery retail retailer format. The multi-format trendy retailer, which operates Hypermart, Foodmart and Boston Well being & Magnificence chains, has branded its new supply Foodmart Primo. The shop, situated on the new MaxxBox Lippo Village in Karawaci, Tangerang, opened final Friday. […]

CONTINUE READING

Retail Asia27/04/2015

Matahari Indonesia has opened its 110th Hypermart in Tanjung Uncang, Batam. The new store has an area of about 6200 sqm stocked with a variety of household goods. It is Matahari’s third hypermart in Batam province. Director of communications and PR with Matahari, Danny Kojongian, said that given its developed infrastructure, Batam city has become […]

CONTINUE READING

Retail Asia07/04/2015

Indonesia’s Matahari Putra Prima, the operator of Hypermart, Foodmart and the Boston Health & Beauty retail chain, opened a Foodmart supermarket in Madiun, East Java, on Monday, as part of the company’s expansion to the fast growing city. The store is located at Suncity Mall in Madiun city centre and will occupy a gross area […]

CONTINUE READING

Retail Asia14/02/2015

Matahari Putra Prima has opened its 10th hypermarket – and its first in Ketapang, Kalimentan. The multi-format Indonesia Indonesian retailer operates Hypermart, Foodmart and Boston Health & Beauty stores. The new hypermarkets is located at Borneo City Mall, Ketapang, one of the largest shopping centres in West Kalimantan. It has a gross selling area of […]

CONTINUE READING

Retail Asia04/02/2015

Matahari Department Store (MDS) opened a new store in Indonesia’s Singkawang, West Kalimantan, to tap the economy prospects in the region, the publicly-listed company said in a statement on Thursday. The store, called Matahari Singkawang Grand Mall – MDS’s 13th store in Kalimantan – has a total area of 6,300 square metres. The store is […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X