Retail News CRM

Tag: MPPA

  • Sales drop for Matahari Putra Prima

    Sales drop for Matahari Putra Prima

    Supermarket group Matahari Putra Prima (MPPA) of Indonesia recorded a net profit of RP32.6 billion (US$2.5 million) despite a drop in net sales to RP10.4 trillion for the nine months ended September 30.

    As expected, says the group in announcing its interim results, a change in date of the Lebaran national holiday from the third to the second quarter as well as economic conditions in Kalimantan and Sumatra had a negative impact.

    The gross margin was 16.3 per cent and operating expenses 15.4 per cent, while same-store sales growth for the period and for the third quarter fell by 2.9 and 8.9 per cent respectively.  Without store closures for renovation, MPPA says the figures would have been 1.3 per cent up and 2.9 per cent down.

    In the third quarter, MPPA changed its accounting methods, which is says will enable it to implement a more aggressive pricing strategy, better analyse profitability and increase control over margin and inventory productivity.

    “Although the third quarter was difficult, sales started to show improvement late in the quarter,” says CEO Noel Trinder. “Actions taken earlier in the year have produced a significant reduction in merchandise inventories to a sustainable level to support future growth”

    He says 15 stores were opened during the nine months.

    “Following an adjustment of quarter-four sales to reflect current conditions, MPPA is forecasting an EBITDA of RP250 billion, bringing the year’s guidance to RP585 billion.”

    As of September 30, MPPA had 294 stores in 68 cities across Indonesia (112 Hypermarts, 25 Foodmarts, 106 Bostons, 49 FMXs and two SmartClubs).

    Lees ook:

  • MPPA increases stake in MatahariMall.com to 10%

    MPPA increases stake in MatahariMall.com to 10%

    With the acquisition, MPPA hopes to benefit from wider access to e-commerce as its development will remain strong this year. The Company views e-commerce in Indonesia is an enormous market and will continue to grow.

    The investment and partnership with MatahariMall.com is a new opportunity to foster O2O e-commerce components that encourage the sale contribution in the future. The relationship will improve MPPA’s position as the leading multi-format modern retailer in Indonesia, as well as contribute to a sound financial outlook going forward. MPPA takes advantage to secure a new opportunity to display and market the Company’s exclusive brand throughout Indonesia via e-commerce.

    Lees ook:

  • More stake for Matahari Putra Prima in MatahariMall.com

    More stake for Matahari Putra Prima in MatahariMall.com

    Matahari Putra Prima (MPPA) has doubled its stake in online Indonesian retailer MatahariMall.com.

    The multi-format retailer, which operates Hypermart, Smartclub, Foodmart, Boston and FMX chains, says it has [aid cash for an additional 5 per cent share in the fast-growing eCommerce business.

    “With the acquisition, MPPA hopes to benefit from wider access to eCommerce as its  development will remain strong this year,” MPPA said in a statement. “The company views eCommerce in Indonesia as an enormous market and will continue to grow. The investment and partnership with MatahariMall.com is a new opportunity to foster O2O eCommerce

    components that encourage sales [growth] in the future.”

    MPPA said the  relationship will improve MPPA’s position as the leading multi-format modern retailer in Indonesia, as well as contribute to a sound financial outlook going forward.

    Matahari Mall body

    New Foodmart Primo

    In other news, MPPA has opened its second upper scale supermarket format, Foodmart Primo at Lippo Mall Kuta, Bali.

    The opening of Foodmart Primo in Bali is based on the company’s studies on the upward trend of customers’ shopping behavior in the island. The store has a gross selling area of about 1510 sqm and provides a wide selection of high quality of imported and local products.

    Director of Foodmart operations, Dave Rao, says due to the nature of the location the store will cater more to tourists than residents, so the stock mix will be slightly different from a typical Foodmart Primo.

    “We have additional categories like handicrafts, souvenirs, aromatherapy, travel accessories, beach accessories, and more, specially targeted at holiday-makers. But our main feature remains the restaurant which is a ready-to-eat area offering pizzas, roasts, pastas, traditional food, fresh juices, sandwiches, salads and a boutique bakery.”

    Lees ook:

    Lees ook:

  • Boston Combo concept unveiled by MPPA

    Boston Combo concept unveiled by MPPA

    Multi-format retailer Matahari Putra Prima (MPPA) has launched a new concept, Boston Combo, inPluit Village mall, Jakarta.

    MPPA, which runs FMX, Foodmart, Hypermart and SmartClub, this year expanded its Boston Health & Beauty formats across Indonesia. As well as the latest concept, there is the original Boston Health and the new Boston Regular.

    Boston Combo, with a gross selling area of about 730 sqm, provides cosmetics, perfumes, diapers, dairy products for adults and babies, basic softlines, stationery and organic foods. There is also a pharmacy and optical counter.

    Boston has been refreshing its displays and aisles, making stores easier to navigate, with better lighting and stocked with items that are more targeted and locally relevant.

    Boston operations director Kyu Tae Park says the Boston Combo at Pluit Village provides a range of general merchandise that competitors do not stock.

    MPPA is one of Indonesia’s largest retailers, employing more than 30,000 associates in 112 Hypermarkets, 23 supermarkets (Foodmart Primo/Fresh), 49 minimarket/convenience stores (FMX), 108 health-and-beauty stores (Boston) and one wholesale outlet (SmartClub). At December 31, its store count was 293 in 68 cities throughout Indonesia.

    Lees ook:

    Lees ook: