Retail Market in Indonesia to record USD 44.13 Bn growth — AEON CO. Ltd., CT Corp., and Global

The market is primarily driven by the expansion of the retail landscape. Most of the retail operators in Indonesia are replacing their unorganized retail outlets with big retail hypermarkets, supermarkets, and other retail chains. This has increased the availability of all necessary items under one single roof, thereby making shopping more convenient for customers. In 2020, Alfamart announced its plan to open 1,200 new stores in Indonesia and the Philippines. This increased the total number of stores operated by the company and its subsidiaries to 17,294. Such expansion plans by retail operators will have a positive impact on the growth of the market in focus during the forecast…

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