Retail in Asia

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Foreign brands fuel retail boom in Indonesia

The influx of foreign retailers into Indonesia is boosting demand for retail space and shopping mall development, a global property consulting firm says.

According to Anton Sitorus, the head of research at Jones Lang LaSalle, several international retailers have announced plans to enter the country or expand their presence, including Japan’s largest clothing retailer, Uniqlo, South Korea’s Lotte Department Store, French department store Galeries Lafayette, and US apparel retailer H&M.

Anton said that Galeries Lafayette and Lotte Department Store, both premium class department stores, may encourage shopping mall developers to build more premium shopping malls in the future. The entrance of home furnishing retailer IKEA and AEON Mall may boost the development of suburban shopping centres.
 

(Source: Jakarta Globe )