Electronic Sales Expected to Drop 20%

JAKARTA (Yosefardi) – The electronic domestic sales is expected to drop by 20% to Rp32 trillion this year, compared to Rp40 trillion last year. The decline in people’s purchasing power amid the economic downturn is the main factor affecting sales drop for...

Retail Sales Expected to Grow 8-10%

JAKARTA (Yosefardi) – The Association of Indonesia Retail Business Players (Aprindo) expects the retail sales of the Association to grow by 8-10% this year, lower than 13-15% growth last year. Roy N. Mandey, chairman of Aprindo, said the slower growth of retail...

Indofood CBP Cuts Revenue Target

JAKARTA (Yosefardi) – PT Indofood CBP Sukses Makmur Tbk (ICBP) expects its revenue to only grow by 5-10% this year, compared to 19.63% growth last year. Earlier the company targets a double digit growth in revenue for this year but its sales only grew by 6.62%...

Hero Closes 74 Outlets in First Half

JAKARTA (Yosefardi) – Retailer PT Hero Supermarket Tbk (HERO) PT Hero Supermarket Tbk (HERO) closed 74 outlets (Starmart and Guardian) during the first half of 2015 as failed to achieve sales target, partly due to the ban of alcoholic drinks in mini markets. HERO then...

Prada Posts 23% Decline in Net Income

HONG KONG (Yosefardi) – PRADA S.p.A. booked net income of 188.59 million euro in the first six months ended July 31, 2015, declined 23% from 244.85 million euro in the corresponding period of 2014. Net revenues grew by 4.2% to 1.82 billion euro from previous...