The Number of Hypermarkets in Indonesia Increased by 12.7 Percent in Five Years
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According to Euromonitor International data cited in a report by the United States Department of Agriculture, the number of hypermarkets in Indonesia increased by 12.7% between 2015 and 2020. The number of supermarkets offering over 25,000 items rose from 299 to 337 outlets.
The number of hypermarkets increased significantly in 2016 and 2017. The number of stores increased by 15 outlets to 314 in 2016 and increased again by 19 outlets to 333 in 2017.
The number of hypermarkets decreased by three outlets to 330 in 2018. In 2019, the number of outlets increased by six to 336. Only one outlet was added in 2020.
Hero Supermarket, which owns the Giant hypermarket chain, stated that this format is not very profitable. This led them to close all Giant outlets in mid-2021.
Based on sales volume, hypermarkets have the lowest value compared to other grocery retail formats. Hypermarket sales reached only US$2 billion in 2020. This is lower than supermarket sales of US$5.2 billion and minimarket sales of US$12.5 billion.
"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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