The sluggish domestic economy and declining consumer purchasing power have forced retail companies to close unprofitable outlets. In July 2017, PT Matahari Putra Prima Tbk (MPPA) closed two Hypermart stores due to their lack of economic viability.
According to the company's presentation, the number of Hypermarket outlets actually increased by two to 117 at the end of June 2017, compared to the end of 2016. Furthermore, MPPA's other outlets, Boston, increased by three units to 112 stores, while Smartclub and B2B each increased by one to a total of four stores. The number of Foodmart stores remained unchanged at 26. Conversely, the number of fmx stores decreased by 16, leaving only 30 compared to the end of 2016.
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