hero supermarket

Giant Permanently Closes Starting Tomorrow, Hero Negotiates Ownership Transfer to Third Party

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TEMPO.CO, Jakarta – Retail company PT Hero Supermarket Tbk. All outlets will be permanently closed Giant starting tomorrow. “That’s right, as we said earlier, all Giant outlets will stop operating at the end of July 2021,” said Head of Corporate and Consumer Affairs of PT Hero Supermarket Diky Risbianto when contacted Saturday, July 31, 2021. … Read more

Giant Closes, Here’s Fitch Ratings’ Astonishing Forecast!

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Jakarta, CNBC Indonesia – The permanent closure of Giant retail outlets by PT Hero Supermarket Tbk (HERO) starting next July will not necessarily benefit its competitors such as Hypermart, Carrefour and Transmart. This is because retail companies face competition from smaller minimarkets and grocery retailers. Research published by Fitch Ratings explains that while HERO will … Read more

Workers Threaten to Sue Giant If Severance Pay Is In Accordance With The Copyright Act

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Jakarta, CNN Indonesia — The Confederation of Indonesian Trade Unions (KSPI) has threatened to fight back if the management of PT Hero Supermarket Tbk pays severance pay Giant employees who got hit PHK using the mechanism of Copyright Law (Ciptaker Law). KSPI President Said Iqbal said the resistance would be pursued either through legal channels, … Read more

It turns out that Gegara’s Giant ‘Gives Up’, 7,000 employees will be laid off

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Jakarta, CNBC Indonesia – Changes in shopping habits in the community (market dynamics) are considered to be one of the reasons for closing retail outlets in the country. The change in market dynamics has made the trend of monthly shopping to supermarkets decrease. Currently, people have a tendency to look for basic needs in more … Read more

All Giant Outlets Closed, Aprindo: Hypermarkets Are Already at the Nadir

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TEMPO.CO, Jakarta – General Chairman The Indonesian Retail Entrepreneurs Association (Aprindo) Roy N Mandey spoke up in response to rplans to close all stalls Giant at the end of next July. He stated the decision of PT Hero Supermarket Tbk. it becomes reflection of the depressed retail business situation. “As an association of modern retailers, … Read more