RETAILERS SHRINK THEIR STORE SIZE FOR EFFICIENT

JAKARTA - The proliferation of online business as a technology and information that creates business turmoil.

President Director of PT Metropolitan Land Tbk Thomas J. Angfendy said that this is a change that put forward the concept in accordance with market interest.

"If I see stores will shrink to retail fashion and local brands will lead. Time for them right now, "said Thomas in Jakarta, Kompas Thursday (5/17/2018).

According to him, local brands will dominate the retail market in addition to being a more suitable product model for the Indonesian market, and also because of greater costs for fees and fees that are larger and different from foreign brands.

However, he did not dismiss it still contains a local brand that must also be closed stores.

"Close for what? Yes because the outlets are too big. In the future they are confident they [local brands] will be back again but with smaller stores, "he said.

Many retailers, he added, are shrinking the places needed as a form of efficiency and cost to be incurred by new changes in processes that require certain strategies.

Nevertheless, Thomas said his mall gaming occupancy is still a good overview.

"Metropolitan Mal Bekasi is 99,8% high, the Grand Metropolitan is above 95%, Mal Cileungsi is also good," said Thomas.