Lotte builds shopping malls in Indonesia on demographic play
Bareksa • 09 Jun 2014
Indonesian dancer Sruti Respati performs in a shopping mall in Jakarta on April 11, 2013 - (The Jakarta Globe/Afriadi Hikmal)
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.