Jakarta, CNBC Indonesia – The management of PT Hero Supermarket Tbk (HERO) finally decided to close all Giant outlets until the end of July 2021. Netizens also expressed their sadness in their uploads on social media. Moreover, on social media, the Giant employees had to cry after the announcement.
In the Twitter timeline, many netizens expressed grief. Not a few also questioned the decision.
Apart from that, some stated that they had never visited Giant until now. This is because it is far from where he lives.
There are also those who pray for the Giant employees who are closed. Netizens wanted them to be successful after the closing decision.
In addition, there were also those who explained the reasons for the closure of the Giant outlet. Namely because before the pandemic, the business was not profitable, aka losing money.
A netizen also regretted the closure of these outlets. Because you will lose a place to look for items for the household.
Giant’s manager, HERO, has decided to close all Giant outlets in July. The company transformed five Giant outlets into IKEA with the aim of being a corporate strategy step.
The Director of HERO, Herdianus Wahyu Trikusumo, stated that the reason was that the company’s quick and precise response was needed as an adaptation to changing market dynamics. Especially due to the shift of Indonesian consumers from the hypermarket format in the last few years.
“This plan is expected to have a positive impact on operational activities, financial conditions or the company’s business continuity,” he said in an information disclosure on the Indonesia Stock Exchange (IDX).
The impact of this pandemic also caused the company to close a number of Giant outlets in Jakarta and Depok. Even before the pandemic, Giant started to shake, in July 2019 Giant started to close its 6 outlets in Indonesia.
Hadrianus added that the closure was due to the company’s business transformation process. This will ensure that it can compete effectively in the food retail business in Indonesia.
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