Lotte builds shopping malls in Indonesia on demographic play
Japan’s Aeon plans to open five malls in Indonesia in three years.
![Lotte builds shopping malls in Indonesia on demographic play](https://media.bareksa.com/cms/media/assets/image/2014/06/7026_e0a178aac6e50e97112589dda1c08cf6.jpg)
Japan’s Aeon plans to open five malls in Indonesia in three years.
The Jakarta Globe - Lotte Shopping, South Korea’s largest department store operator, plans to open four shopping malls in Indonesia by 2018 to tap growing consumer spending in a nation where half the population is younger than 30.
Lotte Shopping Avenue Indonesia will build two in Jakarta in the next three years, with the others in the country’s second-biggest city, Surabaya, and in Medan on Sumatra island, president director Suh Chang Suk said in an interview in the capital on Friday. There is a lot more potential for malls in the world’s fourth-largest population, Suk said.
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