Jakarta retailers Suffer โข$30 Million in โขLosses Amidst Recent Protests
Jakarta, Indonesia โค – Violent protests in Jakarta from august โ28th โฃto September 1st have โresulted in an estimated Rp 500 billionโข (US$30 million) in lost sales for the โcity’s retailers, according to the Indonesian Sales-Associate-(Part-Time)/-in-Moncks-Corner,SC?jid=4afec60df2f6a02d” title=”Retail … Associate Job in Moncks Corner, SC at Autozone”>Retail and Tenants Association โ(Hippindo). The disruption comes asโฃ mallsโ either temporarily closed or reduced โoperating hours, significantly impacting foot โtraffic.
Hippindo Chairman Budihardjo Iduansjah told The Jakarta Post that luxury โคand fashion โretailers, โฃalongside โdepartment stores, experienced the most substantial โขdeclines in sales. While city center retail suffered,suburban supermarkets โand hypermarkets sawโ a surprising 10-15% increase โ in sales over the same period,likely driven by panic-buying. This trend was observed not onlyโ in central Jakarta but alsoโข in surrounding residential areas likeโ Serpong, โคcibubur, and Bekasi.
the financial impact โextends beyond immediate sales losses. Budihardjo emphasized the broader economic โconsequences, notingโฃ investor hesitancy, tourist cancellations, โand โขthe postponement of key exhibitions – all events that contribute significantly toโข economic circulation.
“When people are afraid to go โคout, investors hold back and negative news spreads,” he stated. โฃ”Manyโค investorsโ ask how things are in Indonesiaโฆ Tourists cancel [trips],and soโค many exhibitions have been called off.”
Hippindo is actively collaborating with the Jakarta government, security forces, and other retail stakeholders, urging swift action โคto โคrestore public order and rebuild confidence โฃamong shoppers, businesses, and investors. Theโ associationโฃ stresses the importance of ensuring โbusiness continuity inโข the wakeโข of the unrest.
Keywords: โ Jakarta, Indonesia, protests, retail, sales,โ economic impact, Hippindo, tourism,โฃ investment,โ economic disruption, panic buying.