Retail Minimarket Sales Surpassed Supermarkets and Hypermarkets in 2020
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Based on data from *Euromonitor International*, the sales value of minimarkets reached US$12.5 billion in 2020. Minimarket sales successfully increased during the pandemic, surpassing the sales value of supermarkets and hypermarkets.
Minimarket retail sales surged by 68.9% compared to 2015. In that year, the sales value of minimarkets was only US$7.4 billion.
Supermarket sales increased from US$4.6 billion to US$5.6 billion between 2015 and 2019. However, this sales value dropped to US$5.2 billion in 2020.
On the other hand, hypermarket sales steadily decreased from US$2.5 billion to US$2 billion between 2015 and 2020. During this period, the number of hypermarket outlets increased by only 12.7%.
Mid-year, the hypermarket operator Giant closed all its outlets in Indonesia. They cited the unprofitable nature of the hypermarket wholesale retail format as the reason behind this decision.
"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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