Indonesia Archives - Inside Retail Asia
Philippine brand Rusty Lopez heads to Indonesia
Marikina fashion brand Rusty Lopez has expanded into Indonesia.
Takeover whispers surround SMCP
French fashion brand owner SMCP has attracted takeover bids from Lion Capital and Chinese textile producer Shandong Ruyi Group, according to reports in Hong Kong.
Clarks steps up in Asia
British footwear brand Clarks says it sees Asia Pacific growth as a “a key strategic focus” for the company. The 190 year old, £1.5 billion business, plans to open 100 stores in the region in the next 12 months. “As we celebrate a significant birthday, we are as nimble and entrepreneurial as ever and poised for growth,” said Nancy Huang, president of Clarks Asia Pacific. “We see great future potential for further expansion and are excited about the possibilities.” Clar…
Dairy Farm Indonesia reviews struggling Starmart
Dairy Farm Indonesia continues to struggle, places its Starmart chain under review.
Matahari expands into Ketapang
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 5000 sqm and is the chain’s 11th in Kalimantan. An opening ceremony was attended by the Regent of Ketapang, Drs. Henrikus, MSi, Director…
Aeon nears Indonesian debut
Japan’s Aeon is completing construction of its first shopping mall in Indonesia. Its Indonesia debut follows success in Malaysia and Thailand where it is building strong networks of hypermarkets, supermarkets and mini-markets, and a more recent foray into Vietnam where it has two shopping centres already trading in the south and a third under construction in Hanoi. Aeon Mall Sinarmas Land Indonesia, its local arm, is building Aeon Mall Bumi Serpong Damai (BSD) City which will have more t…
Asians embrace Valentines Day
Indonesians, Taiwanese and Singaporeans are far more likely to splurge on Valentine’s Day than shoppers in Germany or the UK, a survey reveals. Japan’s home-grown global online retailer Rakuten has surveyed 7000 people across the globe to gauge attitudes to Valentine’s Day and found that Asians embrace the concept much more than Europeans. The Rakuten Shopping Secrets survey found Indonesians (57 per cent), Taiwanese (53 per cent) and Singaporeans (45 per cent) placed top of the mult…
Indonesia set for online shopping boom
By Edward Barbour-Lacey* While currently, eCommerce only accounts for less than one per cent (worth less than US$2 billion per year) of Indonesian retail spending, analysts believe the country’s fast growing middle class and proliferation of smartphones will soon raise that share to eight per cent (worth US$8 billion) in just a few years. If that scenario were to happen, then Indonesia’s eCommerce market would be the largest in Southeast Asia. Although accurate predictions are hard …
Chinese tax free spending leaps
Chinese travellers boosted tax free spending by 30 per cent year-on-year in the last quarter of 2014. And for the first time, Chinese shoppers accounted for more than one third of overall spending on tax free shopping, according to data from Global Blue, an international tax refund specialist. That’s the first time in any quarter. Shoppers from Taiwan, South Korea and Hong Kong also boosted their spend, significantly, but from much lower bases. Part of the reason for the dominance of …
Changi retail again tops $2 billion
Singapore’s Changi Airport says sales at retail outlets across its terminals topped S$2 billion in 2014, despite a slump in passenger numbers inbound from China. It’s the second year in a row the $2 billion barrier was breached – Its 2013 growth represented a nine per cent increase on 2012, but the percentage growth was not revealed this year, suggesting a stable result. The strength of the airport’s retail business – in part a consequence of the airport’s careful positioning as a …
Kate Spade targets 100 stores in Greater China
Kate Spade is to buy out its Chinese joint venture partner in favour of a new partnership with Lane Crawford Group. Walton Brown, the brand wholesaling and retailing subsidiary of Hong Kong-based department store operator Lane Crawford, will team with Kate Spade in a major expansion of the New York brand into mainland China, Hong Kong, Macau and Taiwan in a new joint venture announced overnight, targeting 100 stores long term. The newly formed partnership will leverage the expertise of Walto…
Asia Pacific Travel Retail Association launches seminars
A new schedule of Responsible Retail Training seminars, enhancements to the Duty Free & Travel Retail Database, topical research studies and advocacy support are among the immediate priorities for the Asia Pacific Travel Retail Association (APTRA) this year. A wide-ranging research program, conducted for APTRA by M1nd-set, has kicked off this year with a study of the shopping behaviour of Chinese travellers on domestic and international journeys, including their motivations for shopping a…
