Indonesian Retail Industry’s: Not All Gloom and Doom?

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  • Dozens of Giant store closures since last year were in line with the survey conducted by Bank Indonesia, revealing that the retail industry growth in 2019 was slowing down.
  • The Statistics Indonesia recorded that the household expenses tended to slow down and potentially affected the retail industry performance.
  • The cash flows of all retail companies in the first half of 2019 were in year-on-year decreases.

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