A motorcyclist parks near an Alfamart convenience store in South Tangerang, Banten, in this undated photograph. - JP
JAKARTA (The Jakarta Post/Asia News Network): In the wake of weakening consumer buying power and confidence, the modern retail industry’s road to recovery is still heavily reliant on the mini-mart (minimarket) segment, as the supermarket and hypermarket segments continue to struggle, even after mobility restrictions were eased.
Olly Prayudi, corporate director at Fitch Ratings Indonesia, said that although inflation had taken a toll on consumer buying power, which could worsen if subsidised fuel prices were raised, brick-and-mortar retail businesses would still introduce a gradual cost pass-through to avoid hurting domestic consumption more.
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