Back to announcement
20230823_LPPF_Laporan Informasi dan Fakta Material_31383234_lamp3.pdf
Other Text extracted LPPFSource file signed link, expires in 15 minutes
Extracted text 3
Page 1
(EN) PRESS RELEASE
August 24th 2023
Embracing More Consumers of East Java, Matahari Launches New
Store at Kediri Mall
- This is the second Matahari store in Kediri city, following the one at Kediri Town
Square, and the 22nd in East Java.
- Offering a comprehensive collection of teenage denim clothing and the latest
cosmetic brands.
Matahari ("Company"; stock code: "LPPF") proudly announces the grand opening of its
8th store in 2023, at Kediri Mall in Kediri, East Java, on Thursday, August 24th. Renowned
as a prominent fashion, footwear, beauty, and lifestyle retail establishment in Indonesia,
the latest Matahari store at Kediri Mall is poised to deliver a range of high-quality and
affordable collections curated to resonate with local tastes.
This momentous occasion signifies Matahari's second presence in Kediri following its
branch at Kediri Town Square and its 22nd store within East Java. The Kediri Mall venue
exudes a contemporary interior design and goes beyond presenting children's,
teenagers', women's, and men's apparel; it also features an assortment of toys, shoes,
bags, and cosmetics. Covering a spacious total area of 3,980 square meters, Matahari
Kediri Mall notably houses an extensive selection of denim wear for teenagers and a
broadened array of cosmetic products. The store also brings the convenience of a 30-
day product exchange period, emphasizing customer satisfaction.
“We are thrilled to announce the opening of our newest Matahari store in Kota Kediri.
This marks an exciting milestone for us as we continue to expand our presence and
reach in serving communities across the country. Our commitment to providing high-
quality and affordable apparel to our valued customers remains unwavering. Kota
Kediri holds a special place in our hearts, and we are honored to become a part of this
vibrant community. As we open our doors, we look forward to not only providing top-
notch shopping experiences but also fostering connections and building relationships
with our customers.” said Terry O’Connor, CEO of Matahari.
Strategically located at the heart of Kediri, Kediri Mall is the first mall that consumers will
encounter upon entering the city of Kediri. With this latest addition, Matahari has
reached a total of 156 stores across Indonesia, embodying Matahari's optimism towards
the East Java market.
Kediri Mall serves as a hub for lifestyle and entertainment in the area. Catering to an
approximate population of 300,000 local residents, Matahari's presence at Kediri Mall is
Menara Matahari Lantai 12, T 62 21 547 5228
Halaman 1 dari 3
Jl. Boulevard Palem Raya No. 7 E corp.comm@matahari.com
Karawaci, Tangerang 15811, Indonesia www.matahari.com
Page 2
poised to bolster the city's economic landscape. Beyond catalyzing economic activity
through consumer engagement, Matahari proudly employs around 95% of Kediri's local
residents within its store.
Matahari's commitment to the community extends beyond retail. In conjunction with
the opening of the new store, Matahari initiated a Corporate Social Responsibility (CSR)
program by donating a total of IDR 10,000,000 to St. Yoseph Orphanage and Putri
Muhammadiyah Orphanage, underscoring its dedication to making a positive impact.
To celebrate the grand opening at Kediri Mall, Matahari is offering various attractive
promotions (terms and conditions apply), including:
- 700 shopping vouchers worth IDR 50,000 each
- 4 OPPO Smartphones as instant prizes (exclusive for Matahari Rewards members)
- Free 200 Matahari Tumblers for purchases above IDR 500,000
- A direct discount of IDR 46,000 for BNI debit cardholders
- Discounts up to 70% and special prices starting from IDR 29,000
With the inauguration of Matahari Kediri Mall, the company reaffirms its dedication to
delivering quality fashion and lifestyle offerings while contributing to the economic
growth and well-being of the local community.
###
About Matahari
Matahari is the largest retail platform in Indonesia, with 156 stores in 81 cities across Indonesia as well as
presence online on matahari.com, social commerce platform "Shop & Talk", and third-party marketplaces.
For over 60 years, Matahari has provided the growing Indonesian middle class with quality, fashionable and
affordable apparel, beauty and footwear products. Matahari employs around 30,000 employees
(including consignment SPGs) and partners with around 600 local as well as international suppliers.
The Company has received many industry recognitions – nationally and internationally – including Top 100
Most Valuable Brand by Brand Finance, Most Improved Investor Relations and Top 5 Best Senior
Management IR Support in 2022 from Alpha Southeast Asia, Top 10 CSR Donor from IDX, Best Non-Financial
Sector and Top 10 Mid-Cap Issuers ASEAN Corporate Governance Awards 2022, Top Digital Company &
Best Excellent Service Experience Index Award 2022 from Marketing Magazine, Top 50 Most Valuable Brand
Awards 2021 from Brand Finance Indonesia, Top 500 Retail Asia Pacific from Retail Asia, Euromonitor &
KPMG; Brand Asia 2018 – Top 3 Most Powerful Retail Brands in Indonesia from Nikkei BP Consulting, Inc. and
WoW Brand Award 2019 – Gold Champion from MarkPlus Inc. The Company also received the Netizen's
Brand Choice Award 2018 from Warta Ekonomi. All of these awards reaffirm the Company's position as one
of the leading, most dynamic, and trusted companies in Indonesia.
For further information, please contact:
Corporate Communications / Investor Relations
Matahari
Tel: (62 21) 547 5228
E-mail: corp.comm@matahari.com, ir@matahari.com
Menara Matahari Lantai 12, T 62 21 547 5228
Halaman 2 dari 3
Jl. Boulevard Palem Raya No. 7 E corp.comm@matahari.com
Karawaci, Tangerang 15811, Indonesia www.matahari.com
Page 3
This press release has been prepared by Matahari ("LPPF") and is circulated for the purpose of general information only. It is not intended for any specific person
or purpose and does not constitute a recommendation regarding the securities of LPPF. No warranty (expressed or implied) is made to the accuracy or
completeness of the information. All opinions and estimations included in this release constitute our judgment as of this date and are subject to change without
prior notice. LPPF disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon
the whole or any part of the contents of this press release and neither LPPF nor any of its affiliated companies and their respective employees and agents
accepts liability for any errors, omissions, negligent or otherwise, in this press release and any inaccuracy herein or omission here from which might otherwise arise.
Forward-Looking Statements
Certain statements in this release are or may be forward- looking statements. These statements typically contain words such as "will", "expects" and "anticipates"
and words of similar import. By their nature, forward looking statements involve a number of risks and uncertainties that could cause actual events or results to
differ materially from those described in this release. Factors that could cause actual results to differ include, but are not limited to, economic, social, health and
political conditions in Indonesia; the state of the retail industry in Indonesia; prevailing market and operating conditions, raw material prices and Import
restrictions; competition from other companies; shifts in customer demands; changes in operation expenses, including employee wages, benefits and training,
governmental and public policy changes; our ability to be and remain competitive; our financial condition, business strategy as well as the plans and objectives
of our management for future operations;. Should one or more of these uncertainties or risks, among others, materialize, actual results may vary materially from
those estimated, anticipated or projected. Although we believe that the expectations of our management as reflected by such forward-looking statements are
reasonable based on information currently available to us, no assurances can be given that such expectations will prove to have been correct. You should not
unduly rely on such statements. In any event, these statements speak only as of the date hereof, and we undertake no obligation to update or revise any of
them, whether as a result of new information, future events or otherwise.
Menara Matahari Lantai 12, T 62 21 547 5228
Halaman 3 dari 3
Jl. Boulevard Palem Raya No. 7 E corp.comm@matahari.com
Karawaci, Tangerang 15811, Indonesia www.matahari.com
Names mentioned 0 people and organisations named in the text · linked when the evidence is strong
The name pass has not read this document yet.
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.