Matahari Department Store Plans to Open 8 Outlets Next Year

PT Matahari Department Store, Tbk (LPPF IJ) is plans to open 6 – 8 new outlets in 2018, since retail demand in 3Q2017 and 4Q2017 shows positive trend but has not fully recovered. Company is also has signed an agreement with Walt Disney, allowing Matahari Department Store to sell Disney-branded products. Previously, company has closed 2 outlets in Jakarta , and has no plans to close more shops this year.

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