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Sarinah was incorporated on 17 August 1962 as PT Department Store Indonesia "Sarinah".. In the early 1960s, Indonesia was hit by very high inflation rates. President Sukarno believed that a department store would act as a price stabilizer to help keep prices under control, citing similar department stores in Communist states used as such price stabilizers (for example, the Soviet GUM, the ...
Pages in category "Department stores of Indonesia" The following 7 pages are in this category, out of 7 total. This list may not reflect recent changes. H.
Sarinah Building. / -6.187587; 106.823829. Sarinah Building ( Indonesian: Gedung Sarinah) is a 74-metre tall 15-floor department store in Gondangdia, Menteng, Central Jakarta, Indonesia. It was the first skyscraper to be built in Jakarta. Sarinah is located at the intersection of Jalan Kyai Haji Wahid Hasyim and Jalan M. H. Thamrin.
Metro's founder Ong Tjoe Kim originally from Fujian, China, migrated to Indonesia when he was a teenager. He joined the Toko Dezon department store and worked his way up to a managerial position. In 1952, Ong decided to venture out on his own and eventually opened the first Metro store in 1953 in Surabaya, Indonesia.
The Company was established on October 24, 1958, with the opening of a children's fashion store in Jakarta's Pasar Baru district; the first proper Matahari outlet was opened in 1972, considered as the first modern department store in the country. Since July 14, 2021, the majority and controlling shareholder of Matahari Department Store Tbk has ...
August 12, 2024 at 2:12 PM. Macy’s is trimming its locations as department stores and malls alike dwindle. Macy’s decision to close nearly a third of its stores will spark change in malls and ...
Sogo. Sogo Co., Ltd. (株式会社そごう, Kabushiki gaisha Sogō) is a department store chain that operates an extensive network of branches in Japan. In 2009, it merged with The Seibu Department Stores, Ltd. (株式会社西武百貨店) to become Sogo & Seibu Co., Ltd. (株式会社そごう・西武). It once owned stores in locations as ...
The department store itself has 24 branches nationwide as of 2017 and plans to expand as part of Transmart's expansion plan. The company also owned 50% ownership of Metro Department Store in Indonesia, targeting the middle-up segment with 10 branches nationwide. Metro entered Indonesia in 1991, opening its first store at Pondok Indah Mall.