Makro opens new store in Palembang<\/p>\n
Arief Suhardiman\/Dewi Santoso, The Jakarta Post,
\nPalembang\/Jakarta<\/p>\n
Wholesaler chain PT Makro Indonesia opened on Tuesday a store
\nin Palembang, South Sumatra, its 14th in the country, and pledged
\nto open more stores this and next year.<\/p>\n
\"Despite recent reports of the relocation or suspension of
\noperations of several companies, we would like to reiterate that
\nwe will stay and expand our operation,\" company president Simon
\nCollins said in Palembang.<\/p>\n
Officially opened by South Sumatra Governor Syahrial Oesman,
\nthe store in Palembang occupies 5,350 square meters of sales
\nfloor and has over 15,000 articles on sale. Construction of the
\nstore cost between US$2.7 and $3 million, excluding the land.<\/p>\n
Palembang is the second largest city in Sumatra after Medan,
\nwhere Makro already has a store.<\/p>\n
Collins said his company planned to open more stores this
\nyear, one of which would be located in Pekanbaru, Riau. He did
\nnot provide a specific timetable for the new stores.<\/p>\n
\"This expansion drive reflects the company's confidence in
\nIndonesia's long-term economic growth,\" he said.<\/p>\n
Established in 1992, Makro Indonesia is 83 percent owned by
\nDutch company Steijnkool Handel Vereniging (SHV) Holdings NV,
\nwith the remaining 17 percent held by local companies.<\/p>\n
The firm dominated the country's hypermarket sector until the
\nlate 1990s, when new competitors such as Carrefour arrived in
\nIndonesia.<\/p>\n
Collins played down the impact of these new competitors on
\nMakro's business here, saying the company virtually had no direct
\ncompetitors.<\/p>\n
\"We don't target end users. We sell products to retailers for
\nresale purpose. Makro is a high volume, low price, no frills
\ncash-and-carry wholesaler selling to registered, professional
\ncustomers such as retailers, traders, caterers and professionals
\nin the service sector,\" said Collins.<\/p>\n
Collins reiterated the firm's commitment to joining forces and
\ngrowing together with the country's small and medium-scale
\nenterprises (SME).<\/p>\n
\"Through their cooperation with Makro, local SMEs can cut down
\non their distribution and networking costs,\" he said.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/makro-opens-new-store-in-palembang-1447893297",
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"sponsor": "Okusi Associates",
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