PT Matahari Department Store Tbk ("Matahari" or "the Company"; stock code: "LPPF") is expanding its business by planning to open a new outlet in August this year. Located at Tang City Mall, Jalan Jenderal Sudirman No. 1, Cikokol, Tangerang, Banten. This outlet is the third outlet to be opened this year and the 30th outlet in Jabodetabek.
This opening is in line with Matahari's plan to accelerate expansion and 7 more openings are scheduled this year, subject to conditions.
The sun shines brighter than ever by opening a new store at Tang City Mall, Tangerang after previously opening two new stores at Taman Anggrek Mall Jakarta and Plaza Ambarrukmo Yogyakarta. There will be many promotions at each opening, with well-known brands, and a variety of the best fashion collections that will excite urban customers in their shopping experience.
With a new concept of a fresh and modern shopping atmosphere, Matahari is confident that its presence in the area will present a different shopping option than before, especially for customers in Tangerang. The arrangement of a wider store with an area of approximately 5,400m2 and high service standards make the presence of the latest Matahari store able to provide a pleasant shopping experience for the surrounding community. Matahari will use 100% environmentally friendly LED lighting systems, and support the local community by having a majority of local employees in the store.
“We are very excited to launch a new store at Tang City Mall early. The presence of this new Matahari store is part of our efforts to get closer to our community and strengthen our market share in Jabodetabek. We are committed to serving our metropolitan customers with a variety of high-quality products and exclusive brands that delight them with aspirational yet affordable fashion that looks good & feels good. In addition, we believe the location of this mall is aligned with the atmosphere of the future Matahari store and the aspirations of our customers,” said Terry O'Connor, CEO of Matahari.
