In Focus

Retail sales in the country have been growing at a relatively slow pace.

Retail sales growth fell from 36.1% in September to 17.1% in October.

Increased competition is, however, expected with several other retail festivals and shopping events.

Retail sales fell 12% in the first eight months of 2022.

Nearly 84% of consumers have used online shopping platforms in the past six months.

The rising cost of living dampened consumers’ purchasing power.

Indonesia is expected to end the year with inflation at 5.5% YoY.

The city has eased restrictions for international tourists.

Flagship stores will likely serve more like ‘car showrooms.’

The country’s retail sales dropped for the first time since December 2020.

The country is expected to continue dominating the global e-commerce sector.

Chain operators are expected to grow at a higher rate across all channels.

Reimposition of strict lockdown measures globally may pose risk.

The outbreak is still slowing down the city’s retail recovery.

The country accounted for over 37% of the global e-commerce market.

A large pool of consumers in the country remains underserved.