Jakarta, 6 April 2018,
PT Mitra Adiperkasa, the Indonesian operator of global brands including Starbucks, Zara as well as Marks & Spencer, is predicting that a recovery in consumer spending will sustain its highest revenue growth in three years.
The retailer forecasts a revenue increase of 15% for a second year as consumers splurge more on Inditex SA’s Zara-branded clothes and Tumi Holdings Inc’s suitcases. The company will add 200 new stores this year, including 60 Starbucks Corp outlets, Corporate Secretary Fetty Kwartati said.
The bullish outlook from Indonesia’s biggest lifestyle store operator mirrors official forecast of a revival in private consumption and investment supporting economic growth in the world’s fourth-most populous country.
Source : The Malaysian Reserve
Read more : https://themalaysianreserve.com/2018/04/06/starbucks-indonesia-sees-sales-boost-from-spending/