Lotte builds shopping malls in Indonesia on demographic play
Japan’s Aeon plans to open five malls in Indonesia in three years.
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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