Wall-Mart Pluit opens

Wall-Mart Pluit opens

JAKARTA (JP): U.S. retail chain Wal-Mart opened a four-story
supercenter in North Jakarta's Megamal Pluit yesterday.

The store is managed by PT Multipolar Corporation, a Lippo
Group subsidiary, which has a franchise agreement with Wal-Mart.

PT Multipolar Corporation president director Winardi
Setiaputra said he was proud of the success of the first Wal-Mart
supercenter, which opened last August in the Lippo Supermal,
Karawaci.

He said products sold at the 17,108-square-meter Wal-Mart
supercenter were cheaper than at other stores.

The opening ceremony was attended by Lippo Group deputy
chairman James T. Riady, Wal-Mart International Division chief
operating officer John Lupo and Wal-Mart Asia president and chief
operating officer Joe Hatfield.

The store sells many items including groceries, family
apparel, health and beauty products, electronics, jewelry and
toys among other products. Eighty-five percent of products are
made locally.

The supercenter brings Megamal Pluit's real occupation rate to
97 percent, up from 90 percent. (ste)