JAKARTA (Yosefardi) – Retailer PT Matahari Department Store Tbk (LPPF) strengthens its existence in West Nusa Tenggara (NTB). It has opened its store in Lombok Epicentrum Mall on the second quarter this year, and officially opening its new store in the newest shopping center in Mataram, Lombok City Center.
Up to November 2015 Matahari has opened of 10 new stores opening. The capital expenditure for each Matahari new store is around Rp30-40 billion per store.
All financing plan is sourced from internal cash. Based on the 2014 financial data, total sales of LPPF reached Rp 14.4 trillion, growing quite rapidly compared to the previous year which recorded at Rp12.7 trillion.
Matahari has 141 stores in operation located in 66 cities across Indonesia.