Mitra Adiperkasa Department Store Division Assets, 2017

PT Mitra Adiperkasa Tbk (MAP) will close all Lotus Department Store outlets by the end of this month. In addition, the company, traded on the exchange under the code MAPI, also plans to close all Debenhams outlets by the end of the year. For information, Lotus is managed by PT Java Retailindo and has assets of Rp 49.56 billion. Meanwhile, Debenhams is managed by PT Benua Hamparan Luas with assets reaching Rp 156.66 billion.

Besides these two outlets, MAP still has five other subsidiaries operating in the department store sector. Namely, Sogo, managed by PT Panen Lestari Internusa, with assets worth Rp 3.2 trillion. This figure is the highest compared to the assets of MAP's subsidiaries in this sector. Then Foodhall (PT Swalayan Sukses Abadi) with assets of Rp 587 billion, Seibu (PT Panen Selaras Intibuana) with assets of Rp 289.24 billion, Galeries Lafayette (PT Panen Gl Indonesia) with assets of Rp 167.95 billion, and Alun Alun Indonesia (PT Alun Alun Indonesia Kreasi) with assets of Rp 40.17 billion.

The shift in consumer shopping habits from offline to online shopping has claimed several companies in the retail sector. Previously, Ramayana and Matahari closed several of their outlets for efficiency reasons. Even 7-Eleven was forced to close all its outlets this year due to a lack of economic viability.