JAKARTA. The competition of retail industry in Indonesia will be heating up in 2017, as three foreign retailers are ready to penetrate Indonesia’s market. LC Waikiki from Turkey and a retailer from Japan will start their businesses in Indonesia, while Central Retail Corporation Ltd from Thailand will expand its investments in Indonesia. Central Retail has opened two department stores in Grand Indonesia (Central Jakarta) and Neo Soho Central Park (West Jakarta). A source of KONTAN said, Central Retail will penetrate the segment of hypermarket in 2017. As information, a retail store in average needs an investment costs as much as Rp 50 billion, not including the costs for market research. In order to achieve the business escalation, a retailer has to open 20 stores. Therefore a retailer has to prepare as much as Rp 1 trillion investments.
Foreign retailers ready to penetrate Indonesia
JAKARTA. The competition of retail industry in Indonesia will be heating up in 2017, as three foreign retailers are ready to penetrate Indonesia’s market. LC Waikiki from Turkey and a retailer from Japan will start their businesses in Indonesia, while Central Retail Corporation Ltd from Thailand will expand its investments in Indonesia. Central Retail has opened two department stores in Grand Indonesia (Central Jakarta) and Neo Soho Central Park (West Jakarta). A source of KONTAN said, Central Retail will penetrate the segment of hypermarket in 2017. As information, a retail store in average needs an investment costs as much as Rp 50 billion, not including the costs for market research. In order to achieve the business escalation, a retailer has to open 20 stores. Therefore a retailer has to prepare as much as Rp 1 trillion investments.