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Jakarta Post

Retailers to see slow recovery after PSBB

  • Riska Rahman

    Jakarta

Jakarta   /   Mon, June 29 2020   /  01:00 am
Come back, soon: A woman walks past a fashion outlet at a shopping mall in Serpong, Tangerang, Banten, on Thursday. The shopping mall offered 30 to 70 percent discounts to attract customers amid the COVID-19 epidemic.(JP/R. Berto Wedhatama)

Easing mobility restrictions in various regions across Indonesia will not provide an instant boost to the country’s retail sector as wary consumers are expected to still limit their store visits amid a steady rise in COVID-19 cases, analysts have said. Mirae Asset Sekuritas Indonesia economist Anthony Kevin found that customers did not immediately flock to shopping malls despite the reopening, adding that even those visiting malls still avoided durable goods stores. “Alive but sort of dead. This is what we thought when visiting several malls in Jakarta and Bekasi [in West Java] as we found that people are still holding back from visiting malls,” he wrote in a research note dated June 19. “In stark contrast to the minimum-to-no visits to durable goods, besides F&B [food and beverages] stores, people are still rushing to supermarkets to buy basic necess...