Matahari Sees Future In Hypermarket Expansion

Indonesian retailer Matahari Putra Prima has announced ambitious plans for its hypermarket business on the back of strong 2007 sales growth. Group sales for the year climbed by 15.3% to IDR9.8trn (US$1.06bn). Sales via new hypermarkets lifted total format sales by 20.8%, contributing to a grocery retail total of IDR4.5trn (US$488.9mn); Matahari's department store business remains its largest for now with sales of IDR5trn (US$543.2mn) in

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