Retail & leisure

Retail & Leisure

Jakarta Retail Market Overview

The retail market experienced its continuous recovery driven by increased consumer activities and shopping back in full swing. Pressures on purchasing power may continue to intensify due to rising food and fuel prices.

28 May 2024

Retail & Leisure

Jakarta Retail Market Overview

Amid a shifting retail landscape, upmarket retail malls have improved significantly, while other lower grade malls, particularly strata-titled malls, remained struggling in their recovery. Disruption from “social commerce” has been greatly affecting malls, catering to lower-middle-income household

26 September 2023

Retail & Leisure

Jakarta Retail Market Overview

Two years after the pandemic emerged, the market recovery continued to gain positive momentum in the first half, leading to increased mall foot traffic and higher spending. After all, potential inflationary headwinds may hold back the revival in the near term.

11 October 2022

Retail & Leisure

Jakarta Retail Market Overview

The retail market rebounded strongly supporting its sales expansion, underpinned by increased footfall and consumer spending. However, the upward trend may still be clouded with concerns of inflationary pressures and cautious economic outlook.

31 July 2022

Retail & Leisure

Jakarta Retail Market Overview

Following the re-opening of retail malls and stores after the temporary closures in July to mid-August 2021 due to the Delta-variant cases, the Jakarta retail market managed to recover with increased mall foot traffic and improved private consumption during the fourth quarter of 2021. The relaxed po

16 June 2022

Retail & Leisure

Jakarta Retail Market Overview

Increased mall foot traffic and stronger traffic flows to digital platforms helped retailers to regain sales momentum, particularly during the Idul Fitri festive season.

24 August 2021