Retail in Asia

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Matahari to open 10-12 new stores in Indonesia this year

Matahari Department Store (MDS), Indonesia’s largest department store retailer of fashion apparel, beauty and home products, has launched an enlarged store at Artha Gading Mall in Jakarta as part of the company’s store expansion plan this year.

MDS Artha Gading Mall has expanded to twice its original size of 5,451 square meters (sq. m) to 11,056 sq. m, making it one of the largest MDS stores in Jakarta, the company said in a statement sent to The Jakarta Post on Friday.

The publicly listed company plans to open 10 to 12 new stores this year to add 69,000 sq. m to an 83,000 sq. m space to its store portfolio, along with 10,000-18,000 sqm of existing store expansions, according to the company’s presentation submitted to the Indonesia Stock Exchange.