REPUBLIKA.CO.ID, JAKARTA -- With a population of 250 million, Indonesia still attracts retail companies, despite being affected by the global economic slowdown, according to an executive.
"Retailers have different strategies," Head of Advisory of Jones Lang LaSalle Indonesia Vivin Harsanto said here on Wednesday.
Given the current economic condition, several domestic retailers have put their expansion plans on hold, Harsanto pointed out.
However, foreign retailers still see the positive growth of the retail market in the country, which is reflected in the emergence of several new fashion, food and beverage outlets.
"New players still see the positive side of the retail market in Indonesia," she added.
During the fasting month of Ramadan, Muslim fashion outlets in a number of shopping centers in Jakarta, including Thamrin City and Tanah Abang, reportedly saw their turnover drop by around 70 percent as compared to that the previous year.
"As compared to the figures last year, sales fell drastically this year. In 2015, we earned only Rp15 to 20 million per day as compared to the Rp50 to 70 million we earned last year," a Muslim clothing seller in Thamrin City, Edi Putra, stated.
Earlier, it was reported that the number of shopping centers participating in the Festival Jakarta Great Sale 2015 had risen to 21 on the 10th day of the event.
"When we launched it on June 6, there were 18 participants. The figure rose to 19 and further to 21 on the 10th day of the festival," the chief of the festival's organizing committee, Ellen Hidayat, remarked.