Matahari Department Store, one the largest retail chains in Indonesia, recorded gross profits of Rp 10.370 billion ($ 718.2 million) within the first quarter of 2018 a 3.5% increase from Rp 10.017 billion ($ 694.2 million). (Photo courtesy of Matahari)
Lippo Group Opens Matahari Department Store's 155th Outlet at Cilegon Center
BY :MUHAMAD AL AZHARI
JUNE 02, 2018
Jakarta. Residents of Cilegon in Banten Province 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 sales, as more than 30,000 customers flooded the new outlet, said Irwin Abuthan, director at Matahari Department Store.
"It was an extraordinary day. The turnout was fantastic. The store and mall will bring great added value and benefit to the city of Cilegon and surrounding areas," Irwin said.
Matahari Department Store, Hypermart, Matahari Supermarket, Foodmart, Primo, Boston Health & Beauty and Books & Beyond are all controlled by the Lippo Group, Indonesia's largest multi-format retail group with more than 600 outlets spread out across Indonesia, from Aceh to Papua.
This vast retail network is supported by a robust system comprised of formidable logistical networks and distribution channels.
The Lippo Group owns and operates 70 shopping malls in Indonesia, making it the country's largest.
The Jakarta Globe is affiliated with the Lippo Group.