KONTAN.CO.ID - JAKARTA. The Indonesian Retail Entrepreneurs Association (Aprindo) projects a decline in retail performance in the second quarter of this year compared to the first quarter. Aprindo's Chairman, Roy Nicholas Mandey, pointed out several reasons for this anticipated decline. The first is the typical decrease in spending following a surge supported by the Lebaran holiday period. “It's bound to drop because after Lebaran, every year people tighten their belts, curb their spending. Why? They are preparing for the months of June-July, especially those with children, focusing on school expenses,” Mandey explained.
Retail Performance in Q2 2024 Projected to Decline, Aprindo Reveals the Cause
KONTAN.CO.ID - JAKARTA. The Indonesian Retail Entrepreneurs Association (Aprindo) projects a decline in retail performance in the second quarter of this year compared to the first quarter. Aprindo's Chairman, Roy Nicholas Mandey, pointed out several reasons for this anticipated decline. The first is the typical decrease in spending following a surge supported by the Lebaran holiday period. “It's bound to drop because after Lebaran, every year people tighten their belts, curb their spending. Why? They are preparing for the months of June-July, especially those with children, focusing on school expenses,” Mandey explained.