Matahari Now Opens in Batam City Square

Batam, 28 November 2019 - The modern retail network of PT Matahari Department Store Tbk ("Matahari" or "Company"; stock code: "LPPF"), has just inaugurated its fourth outlet in Batam, precisely in the Batam City Square shopping center. This outlet became the tenth outlet which was inaugurated in 2019 and became the 168th physical outlet operated by Matahari throughout Indonesia.

Matahari Batam City Square is the 5th outlet that presents in the province of Riau. Located on Jalan Bunga Raya 1-2 floors, Batam. This mall has an added value because of its strategic location since it is located in the Batam central business district, hence this location is very often visited by customers. "The presence of the fifth Matahari outlet in the Riau region is a clear evidence that Matahari wants to always get closer to its customers. We hope that Matahari continues to be the top choice for shopping in Batam and surrounding areas. Of course we are ready to serve our loyal customers with the latest fashion products and are committed to always providing a comfortable shopping atmosphere ("Feel Good"),” says Miranti Hadisusilo, Corporate Secretary and Legal Director of Matahari.

The store occupies around 5,100 m2 of retail space and offers more than 158 well-known brands. A wide selection of attractive products, both fashion products for women and men, children and adults, choices of attractive accessories, cosmetics and household appliances, not to mention a variety of shoe and bag collections are also available at special prices, which can help meet the needs of Matahari customers . With the concept of a classy and modern shopping atmosphere, Matahari believes its presence in Batam City Square is able to present different shopping choices. More spacious store arrangement and the use of 100% environmentally friendly LED lighting systems, as well as high service standards make the presence of the latest Matahari store able to provide a new shopping experience for the surrounding community.

On the first day of the Matahari Batam City Square opening on Thursday, November 28 2019, the first 100 customers are rewarded with Rp500,000 shopping voucher. Continuing on Friday, 29 November and on Saturday, 30 November 2019, the first 200 customers will get a Rp50,000 shopping voucher. And on Sunday, December 1 2019, the first 280 customers could enjoy a shopping voucher of Rp. 50,000.

Matahari recorded full year 2018 gross sales of Rp17.9 trillion, increasing 2% over 2017. Also, recorded net income of Rp1.1 trillion or equivalent to 6.1% of sales.