In recent years modest fashion inspired by Islam has shifted from a niche market to the mainstream, with designs that appeal to religious consumers appearing at major fashion weeks, and global clothing brands such as H&M, Macy’s, and Marks & Spencer launching their own labels. Now in the limelight, modest fashion is expected to grow substantially. Spending on modest apparel reached…
Interview:Kevin Aluwi What local and regional growth opportunities do you foresee in the food delivery industry? KEVIN ALUWI: The South-east Asian online food delivery market has been projected to reach $8bn by 2025. This growth may be accelerated by the Covid-19 pandemic that took hold in the first quarter of 2020, as online food delivery enables people to adhere to social-distancing and self-isolation…
Interview:Muhamad Fajrin Rasyid What are your projections for changes in Indonesian consumer behaviour patterns? MUHAMAD FAJRIN RASYID: E-commerce in Indonesia witnessed 300% growth since 2017 and is projected to expand seven-fold through to 2023. The segment’s potential far exceeds most other industries, particularly in fashion, food and electronics. Interestingly, small and medium-sized…
Indonesia’s large and relatively young population, coupled with a fast-growing middle class and high levels of consumer confidence, has been a key driver of expansion in retail and e-commerce. Physical retail spaces remain prevalent, with new malls opening across the country in 2019. Despite the sector’s positive performance in recent years, it will face headwinds in the short term amid the Covid-19…
Indonesia’s large and relatively young population, coupled with a fast-growing middle class and high levels of consumer confidence, has been a key driver of expansion in retail and e-commerce. Physical retail spaces remain prevalent, with new malls opening across the country in 2019. Despite the sector’s positive performance in recent years, however, it will face headwinds in the short…
Although the first quarter of 2020 was dominated by disruptions stemming from the global Covid-19 pandemic, 2019 proved a strong year for Indonesia’s economy, which maintained a steady growth rate on the back of robust domestic consumption and continuing efforts to reform policy and simplify investment procedures. This was despite the general election and uncertainty surrounding trade relations
E-commerce firms in Indonesia are reporting higher volumes of online sales as consumers practise social distancing amid the Covid-19 outbreak, with the government looking to the flourishing sector as one means of addressing tax shortfalls resulting from the wider economic slowdown. Compared to neighbouring Malaysia and Singapore, the Indonesian government had been reluctant to implement strict…
This summit aims to unite senior level executives from shopping malls, department stores, brand owners, online retailers, banks, technological leaders to network, share insights and experiences and career thinking on retail trends as well as embrace the innovations. Key themes: "Understanding Customer expectation", "Going Truly Omni-Channel", "Digitizing the physical store", "Re-engineering…
Interview:William Tanuwijaya How would you evaluate the performance of Indonesia’s e-commerce sector in 2018? WILLIAM TANUWIJAYA: Indonesia’s e-commerce sector as a whole continued to grow in 2018, driven by increased internet penetration, growing consumer trust and greater popularity of technology platforms. Largely built on the trust that was developed with local communities, Tokopedia…
A large and youthful population, a fast-rising middle class and rapid digitalisation have underpinned strong growth in Indonesia’s retail and e-commerce sectors. Indonesian shoppers are the third-most optimistic globally, with consumer confidence benefitting from a steady rise in incomes that has supported recent growth in personal consumption and retail sales. New retail supply is on the rise in…