The Jakarta Post
BATAM, Riau Islands: Retailer PT Matahari opened its third department store in Batam after an investment of Rp 20 billion (US$2.25 million). The store will employ 500 workers.
The store is the 94th operated by Matahari, whose outlets are scattered in 40 cities throughout Indonesia.
Matahari’s first store in Batam opened 10 years ago at Nagoya Hill, before being followed by the second store at Mega Mall Batam.
Company representative Miranti Hadisusilo told a press conference Friday that the opening of the third store at Kepri Mall showed the significant potential for retail businesses in Batam.
“Penetration in Batam has not been fully achieved, so our third store still has bright prospects,” Miranti said. — JP