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Tag: Hypermart

  • Strong quarter buoys Matahari Putra Prima

    Strong quarter buoys Matahari Putra Prima

    A solid second quarter sent Matahari Putra Prima’s sales up 2.1 per cent in the first half to June 30.

    The Indonesian mixed format grocery retailer has reported net sales for the six months of Rp 7 trillion (US$560 million). Of that figure, 3.7 trillion was achieved in the second quarter, an increase of 6.5 per cent on the back of new store openings. Same store sales fell 0.3 per cent in the first half and rose 4.5 per cent in the second quarter.

    The company posted a net loss for the half of  20.7 billion ($1.66 million), after a healthy second quarter pared back a first quarter loss of 123 billion ($9.8 million).

    MPPA says its total sales growth improved from 2.1 per cent to 8.4 per cent during the first half, after the negative effects of poor economic conditions in Sumatera/Kalimantan and permanently closed stores are excluded.

    CEO Noel Trinder said second quarter sales were led by Lebaran (the two day Eid al-Fitr  holiday) and a strong performance in stores that have been renovated to the new generation G7 store format.

    “Aggressive inventory actions that negatively impacted earnings since the second half of 2015 have now finished, positioning MPPA well for future growth. We believe the resumption of growth which began in the second quarter will carry into the second half,” he said.

    “In addition, MPPA continues to exploit the future growth opportunity of new channels by increasing our shareholding in PT GEI, operator of MatahariMall.com, to 10 per cent in June.”

    As of June 30, MPPA operated 297 stores across Indonesia (112 Hypermart, 25 Foodmart, 106 Boston, 52 FMX and two SmartClub). During the first half MPPA closed three Hypermart stores (one permanently closed, one converted to Foodmart and one converted to SmartClub).

  • Disappointing year for Matahari Putra Prima

    Disappointing year for Matahari Putra Prima

    While the net income of Indonesian grocery retailer Matahari Putra Prima (MPPA) was below expectations, it recorded slightly improved revenue and sales for the year ended December 31.

    Its revenue was Rp13.9 trillion ($US2 billion), with sales up 2.5 per cent from Rp13.6 trillion in 2014. Its net income came in at Rp183 billion, giving it an operating profit of Rp268.8 billion, or 1.9 per cent of sales.

    CEO Noel Trinder says that despite the economic difficulties, the group continued its strategic direction of expanding business through new or enhanced formats.

    As well as continuing its Hypermarket G7 rollout, Matahari PP also revamped its Foodmart and Bostonformats, and launched the SmartHub and FMX concept debuts formats on the wholesale side.

    MPPA opened 33 outlets during the year, and now has 293 multi-format stores. Four G7 stores opened, and eight stores were remodelled to the concept.

    One of Indonesia’s largest retailers, Matahari PP has more than 30,000 employees in 112 hypermarkets, 23 supermarkets (Foodmart and Primo/Fresh), 49 minimarket/convenience stores (FMX), 108 health and beauty stores (Boston) and its wholesale outlet (SmartClub).

    In total, it has 293 stores in 68 cities throughout Indonesia.

  • Matahari Putra Smart Club concept debuts

    Matahari Putra Smart Club concept debuts

    Matahari Putra Prima, a multi-format modern retailer in Indonesia, has inaugurated its newest retail channel: a wholesale chain called Smart Club.

    The first store has opened at, Tangerang, Banten, with a gross selling area of  8800 sqm. It is designed to serve business customers, including hospitality enterprises (hotel, restaurant and catering), traders, manufacturers, institutions, offices and business professionals.

    “Smart Club has the concept of One Stop Buying, where all customers’ needs can be met in one place for greater efficiency,” explains Matahari.

    “All the products are available under one roof ranging from fresh products, packaged foods and beverage, electronic products, all household’s needs, to office stationery.”

    At the opening of the Smart Club outlet, MPPA also inaugurated the Foodmart Express (FMX) network under the company’s wholesale division, which is a minimarket concept. In the future FMX will be available through the franchise system and company’s internal expansion.

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    The Foodmart Express (FMX) concept focuses on a wide selection of ready-to-eat products. With the store size of between 80 – 150 sqm , FMX is targeting the middle consumer segment to provide top-quality products locally.

    In the near future FMX will open three more outlets in Tangerang.

    Director of Smart Club operations, Emi Nuel, said the banner is expected to become the best choice of a modern wholesale center in Indonesia, with sustainable growth, to become a leader in B2B business and has a large market share in the hospitality sector.

    “From 2016 going forward, we will launch Smart Club centers in several key locations. In addition, we are also positive that FMX concept will be well received by consumers and could have a great step of expansion through franchise system or the company’s internal expansion” he concluded.

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  • Matahari speeds up G7 rollout

    Matahari speeds up G7 rollout

    PT Matahari Putra Prima has relaunched its Hypermart G7 concept at Metro Indah Mall Bandung in West Java.

    Another Hypermart store within the same province reopened on September 26, at Depok Town Square as the multi-format Indonesian retailer speeds up its hypermarket modernisation program.

    The Hypermart G7 generation features a new type of gondola shelving with wider hallways to provide better navigation for customers, as well as a larger fresh foods area. Fashion and Beauty centres were upgraded and expanded and there is more emphasis on bakery, ready to eat meals, fresh food, bulk food and home & living.

    Director of public relations and communications, Danny Kojongian. said the openings not only represent stronger Hypermart’s presence within the regions, but also Matahari’s commitment to delivering its outstanding G7 Hypermarts to Indonesian consumers despite the current challenging macro-economic condition.

    “We are proud and honoured with our participation to strengthen the nation’s economy through Hypermart expansion, reinventing Foodmart supermarkets and starting to cater to the B2B segment throughout the regions,” he said.

    “MPPA is poised further to become the No. 1 Multi-Format FMCG Modern Retailer in Indonesia.

    Hypermart MIM Bandung is the seventh outlet to be renovated to the new G7 format. Two new ones have also been opened.

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  • Matahari has strong half

    Matahari has strong half

    Indonesia’s PT Matahari Putra Prima (MPPA) says its first half year sales rose 6.6 per cent on the back of new stores.

    Like for like sales rose 2.1 per cent in a period of softening economic conditions and when several stores were closed for renovation.

    Matahari has continued with a strong focus on upgrading its store formats, rolling out its new G7 format with brighter, more upmarket store designs and increased range. It also opened the first of its new Foodmart Primo format stores during the half year.

    In the next six months Matahari will open the first of another new concept – a SmartClub wholesale store.

    Operating profit surged 29.4 per cent in the half (excluding extraordinary items) as the retailer continued to improve its infrastructure, boosting internal efficiencies and developing a solid platform for future growth.

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  • Retailers Brace for Gloomy Ramadan Amid Economic Slowdown

    Retailers Brace for Gloomy Ramadan Amid Economic Slowdown

    Indonesian retailers are predicting sales to drop by 36 percent year-on-year during the Muslim holy month of Ramadan and Idul Fitri, the latest sign of the country’s weakening economy.

    Sales are expected to reach Rp 15 trillion ($1.12 billion) during the fasting period, which runs from June 18 through July 17,  compared to Rp 25 trillion in the same period last year, according to estimates from the Indonesia Retailers Association (Aprindo).

    Members of the association range from convenience store chain operators such as Sumber Alfaria Trijaya to hyper market operators like Matahari Putra Prima.

    Aprindo chairman Roy N. Mandey said consumers’ purchasing power has been under pressure this year due to rising inflation stemming from fluctuating oil prices, the weakening rupiah and slow government spending.

    President Joko Widodo shifted government subsidies for fuel prices this year to back up his $21 billion infrastructure projects. However, only 8 percent of the funds were disbursed in the first six months 0f 2014 due to red tape, dragging further on the country’s economy, which is already struggling against low commodity prices and slowing investment.

    Based on current conditions, Aprindo has revised its 2015 sales target to Rp 152 trillion from its initial total of Rp 184 trillion — a 10 percent contraction from last year’s sales of Rp 168 trillion.

    “People are not as enthusiastic [as before]. They are refraining from buying anything now,” Roy said.

    A recent consumer confidence survey from Bank Indonesia, the country’s central bank, showed that consumers have become less optimistic about their income and job availability, holding back on buying durable goods like electronics, motor vehicles and home appliances.

    Still, Matahari Putra Prima, one of the largest retailers in Indonesia and a Jakarta Globe affiliate through the Lippo Group, remains confident it will see an 11 percent increase in sales during Ramadan to Rp 3 trillion from Rp 2.7 trillion last year, banking on its expansion in the eastern part of the country.

    The company now operates 111 stores under the brands Hypermart, Foodmart and Boston Health & Beauty.

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  • Matahari Hypermart marks 111

    Matahari Hypermart marks 111

    Matahari Putra Prima has opened its 111th hypermarket, at Lombok Epicentrum Mall, Mataram

    Director of communications and PR, Danny Kojongian, says the new Matahari Hypermart features the new G7 design concept the company is rolling out across its hypermarkets in Indonesia.

    The decision to open in Lombok is due to rising consumer spending in Indonesia’s east.

    “This outlet is expected to follow the success of the previous Hypermart outlet which is also located in Mataram, Lombok,” he said in a statement.

    “With the development of tourism and infrastructure projects underway, Lombok has a huge potential to grow rapidly.

    “With the latest G7 concept, this Hypermart store expected to be a main shopping destination for daily and monthly needs that offers comfort and leading-edge services to customers.”

    Matahari is a multi-format modern retailer in Indonesia which operates Hypermart, Foodmart and Boston Health & Beauty branded stores.

    In line with the G7 concept, the new store features a new style of gondola shelving with wider aisles to allow easier navigation for customers, and a larger fresh area than previous stores. The fashion and beauty departments are upgraded and expanded to fit the evolving consumers’ lifestyles. Bakery, Ready to Eat, Fresh Food, Bulk Food, Home and Living categories are all also expanded and offer a wider range of products with modern concepts. In the operation, the outlet is engaged with the concept of environmentally friendly by using LED technology.

    Today (July 2) Matahari will also reopen its outlet in Bali Galeria. Hypermart Bali Galeria will adopt the latest concept of G7 to follow the modern lifestyle of the locals and tourists.

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  • Matahari Putra Prima to Distribute Rp194b in Dividends

    Matahari Putra Prima to Distribute Rp194b in Dividends

    Shareholders of Indonesia’s largest trendy retailer for fast-moving shopper items Matahari Putra Prima permitted in its annual common shareholders assembly a plan to distribute Rp 193.9 billion ($14.7 million) in dividends, which characterize 35 % of the corporate’s 2014 internet earnings of Rp 554 billion.

    Buyers of MPP, a Jakarta Globe affiliate by means of the Lippo Group, will obtain a dividend cost of Rp 36 for each share they maintain in a date which might be introduced later.

    “We’re happy to announce the money dividend of Rp 193.9 billion to our valued shareholders. This demonstrates the corporate’s on­going dedication to extend shareholder worth in ­line with the corporate’s goal to turn into the main FMCF trendy retailer in Indonesia,” MPP president director Benjamin Mailool stated in a press launch on Monday.

    Mailool added that the corporate will proceed its aggressive enlargement this yr by opening at the very least 10 new Hypermart retailers and additional develop its Foodmart and Boston Well being & Magnificence enterprise models.

    “Our dedication to buyer satisfaction is concentrated on additional improvement of the Hypermart format to continued enchancment of the client purchasing expertise and ensures we proceed to seize market share to safe the primary place within the multi-­format fast-moving shopper items phase,” he added.

    Buyers additionally welcomed John Riady and Niel Nielson to the board of commissioners and accepted the administrators studies on the corporate’s achievements and monetary outcomes for the 2014 fiscal yr.

    “We want to welcome John Riady and Niel Nielson who at the moment are the brand new members of BOC. These management modifications proceed to strengthen our boards to help the aggressive enlargement plans for 2015 and past,” Mailool stated.

    MPP posted a robust revenue progress final yr, because of strong gross sales and enhancing store-level productiveness.

    MPP lately introduced that its internet revenue grew 24.5 % to Rp 554 billion final yr. Eliminating one-time good points in 2014, internet revenue elevated 58.2 % to Rp 625.9 billion.

    In 2014, MPP grew with the widest retailer community of 107 hypermarkets, 21 supermarkets, 102 well being and wonder retailers, and 37 comfort shops working in additional than 60 cities and  29 provinces throughout Indonesia.

    It has launched the newest idea of Hypermart Era 7 (G7) in North Lippo Karawaci, on the outskirts of Jakarta. The occasion was adopted by the opening of a second G7 retailer in Batam in April.

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  • Matahari Putra Prima’s Q1 Revenue Rises 60% on Larger Gross sales

    Matahari Putra Prima’s Q1 Revenue Rises 60% on Larger Gross sales

    Matahari Putra Prima — the operator of Hypermart, Foodmart and the Boston Well being & Magnificence retail chain — posted 60 % achieve in revenue within the first quarter, because of regular progress in gross sales.

    Internet revenue rose to Rp 81.6 billion ($6.three million) within the January-March interval from Rp 51.zero billion in the identical quarter final yr, the corporate stated in a press release final week. Internet gross sales rose 7.1 % to Rp three.35 trillion.

    “We’re happy with our internet revenue leads to the primary quarter regardless of a really difficult gross sales surroundings. our enterprise benefited from the productiveness measures taken and realization of expense saving packages initiated in mid-2015 by the administration staff,” stated MPP chief government officer Noel Trinder.

    MPP’s same-store gross sales progress, nevertheless, was 1.eight % decrease because of weak financial progress and aggressive setting amongst present shops in operation, the corporate stated.

    In the course of the quarter, MPP opened 14 new shops together with two for Hypermart, one Foodmart grocery store, 9 Foodmart Categorical and two Boston shops.

    These added to MPP’s 267 shops (107 Hypermart, 58 Foodmart and 102 Boston) in 67 cities throughout Indonesia as of Dec. 31 2014.

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