VbQOm8cTeaQ66gqgO2NakxTPshs Indonesian Retail: Traditional Markets Difficult to Growth

June 6, 2010

Traditional Markets Difficult to Growth

After experiencing an economic boom as a driver of the city in mid 1980 and complacent over the past two decades, traditional markets in Jakarta now faces a difficult problem.
On one hand, the traditional market surrounded by modern shopping centers. On the other hand the difficulties of traditional market stakeholders to improve the competitiveness of traditional shopping centers.

Modern Market which was established by multinationals and national companies surrounded the downtown to the outskirts of Jakarta. Modern Market has all the comfort that captured the traditional market customer market.

In the period 1995-2008, the number of supermarkets increased from about 100 units to 210 units. Total shopping center rose from about 50 units to 110 units and mini increased from 100 to 650 units in that period

Number of modern markets make the number of traditional markets custemer plummeted. Chairman of the association of market traders across Indonesia DKI Jakarta, Hasan Basri said that about 10 000 traditional market stall empty left by them

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