The Number of Hypermarkets in Indonesia Has Been Decreasing Since the Pandemic
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According to Euromonitor data, the existence of hypermarkets in Indonesia has been weakening since the pandemic.
A hypermarket is a retail outlet with an area exceeding 2,500 square meters, focusing on the sale of food, beverages, tobacco, and other consumer daily necessities.
Euromonitor recorded 333 hypermarkets across Indonesia in 2017, with a slight increase in 2019.
However, since the beginning of the 2020 pandemic, the number of outlets has steadily decreased, as shown in the graph, reaching 285 outlets in 2021.
The decline in hypermarket popularity has led some retail companies to focus more on smaller retail formats such as minimarkets or specialty stores.
PT Supra Boga Lestari Tbk, which owns Farmer's Market and Ranch Market, for example, launched Day2Day to compete in the smaller retail format.
PT Hero Supermarket Tbk, which owns Giant, closed all Giant outlets in 2021 and shifted its focus to Ikea expansion.
(Also read: Super Indo Has the Most Outlets Among Large Retail Stores)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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