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This is the reason why all giants are permanently closed : Okezone Economy

JAKARTA– Deteriorating sector performance business with the hypermarket concept also has an impact on the shopping center industry. Therefore, the General Chairperson of the Indonesian Shopping Center Management Association (APPBI) Alphonzus Widjaja reminded that currently people tend to shop at places closest to their homes, such as minimarkets and the like. This is because of the limited mobility of the community.

“People’s purchasing power has fallen deep enough that they no longer shop in large quantities at hypermarkets like before. In the past, it used to be routine for weekly shopping, monthly shopping or many other things. Now people tend to spend only what they need,” said Alphonzus when contacted by Okezone in Jakarta, Sunday (1/1) 8/2021).

Also Read: Giant Officially Closes Permanently, Here’s HERO’s Explanation

He further said that the permanent closure of one retailer will certainly affect the Shopping Center, especially in terms of occupancy levels.

Also Read: Goodbye! Giant outlets are officially closed permanently today

“Moreover, during the pandemic, it is not easy for us to find replacement tenants. Because more business actors choose to cancel or delay opening new businesses. They prefer to wait for further economic developments,” he continued.

If the permanent business closure continues, it will certainly threaten other business actors. This is due to the heavy burden and adversity that has continued to be experienced for more than a year and a half.

“While it is not known when this severe condition will end,” he said.

Previously, all Giant outlets were officially closed today. Previously, PT Hero Supermarket Tbk (HERO) decided to close all Giant outlets at the end of July 2021.

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