Jakarta, CNBC Indonesia \u2014 The reported closure of Hypermart\u2019s outlet\nat Depok Town Square (Detos), West Java, has attracted attention amid\nchanges in the national retail industry. Budihardjo Iduansjah, chairman\nof the Indonesian Retailers and Shopping Centre Tenants Association\n(Hippindo), said the retail business in Indonesia could in fact perform\nbetter, although it still faces supply constraints.<\/p>\n
\u201cRetail conditions could actually be better, given the state of\ncustomer demand. Broadly speaking, however, the sector is stable because\nwe are short of goods, with shortages affecting both imported and\nlocally produced items,\u201d Budihardjo told CNBC Indonesia on Tuesday (27\nOctober 2026).<\/p>\n
He said the supply constraints required attention because the\nconsumption sector is one of the key drivers of the national economy.\nThe flow of goods therefore needs to be maintained to prevent disruption\nto trading activity.<\/p>\n
Budihardjo urged the government to make it easier to do business,\nparticularly with regard to import permits, investment, factory\nconstruction, and the procurement of raw materials and finished goods\nthat cannot yet be produced domestically.<\/p>\n
\u201cWe need many business-friendly measures in licensing, for imports\nand other areas, so that investment and factory construction can\nproceed, and raw materials or finished goods that are not produced here\ncan be imported. The consumption sector is crucial to Indonesia\u2019s\neconomy, so it must not be disrupted,\u201d he said.<\/p>\n
He stressed that supporting consumption involves not only the trade\nin goods, but also other sectors that underpin people\u2019s economic\nactivity, from tourism to shopping centres.<\/p>\n
\u201cConsumption-related sectors, including tourism, trade, shopping\ncentres and retail, must be sustained,\u201d Budihardjo said.<\/p>\n
As for Hypermart\u2019s closure at Detos, Budihardjo said a shopping\ncentre\u2019s low footfall could prompt retailers to change location or\nbusiness format.<\/p>\n
\u201cIf a mall is quiet, tenant stores will naturally look for a busier\none; that is common. If Hypermart\u2019s business is still healthy and it is\nonly closing a quiet outlet \u2014 and Detos is rather quiet \u2014 it may be\nlooking for a different format or perhaps opening a standalone store,\u201d\nhe explained.<\/p>\n
He added that major retailers such as Hypermart needed to adapt their\nstore concepts to changing market conditions. Closing one outlet, he\nsaid, did not necessarily indicate that the company\u2019s business was\ndeteriorating.<\/p>\n
\u201cBig retailers such as Hypermart face challenges, but they need to\nchange their concepts. It may be changing its concept and opening\nanother kind of store. Closing one shop and opening another is quite\nnormal,\u201d he concluded.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/hypermart-detos-reportedly-shutting-down-as-indonesias-retail-outlook-remains-unexpected-1793155830", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }