Indonesian Supermarket Business Owners Still Aggressively Adding Outlets

RETAIL INDUSTRY - JAKARTA. JAKARTA. The retail business in the second half of this year is predicted to be quite challenging. This is due to the anticipated continued pressure on consumer spending amidst high interest rates and the weakening of the Indonesian rupiah against the US dollar.

Despite these conditions, several supermarket businesses are not deterred from their plans to expand with new outlets in the latter half of this year. One such modern retail company is PT Supra Boga Lestari Tbk (RANC), the owner of Ranch Supermarket.