Matahari (department store)

PT Matahari Department Store Tbk, commonly known as Matahari, is the largest retail platform in Indonesia with stores located across the country and online presence on Matahari.com.[1]

For other uses, see Matahari (disambiguation).
PT Matahari Department Store Tbk
Company typePublic
IDX: LPPF
ISINID1000113301
IndustryRetail
Founded24 October 1958 (1958-10-24)
HeadquartersMenara Matahari,
Tangerang Regency, Banten
,
Indonesia
Number of locations
155 across Indonesia
Key people
Revenue
  • IDR 1,973 Billion (1Q 2024)
  • IDR 492 Billion (1Q 2024)
  • IDR 326 Billion (1Q 2024)
Total assets
  • IDR 6,565 Billion (31 Mar 2024)
Total equity
  • IDR 364 Billion (31 Mar 2024)
Owners
Websitematahari.com

History

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 changed to Auric Digital Retail Pte. Ltd. Meanwhile, Multipolar remains one of the main shareholders. The rest are other investors. Currently, Matahari operates 155 outlets in 82 cities throughout Indonesia.

Project Sunrise

In 2022, during Q4 2021 Earnings presentation, Matahari announced its store classification in four store concepts to capture the highest potential whitespaces throughout Indonesia. Store Network Optimization becomes part of the Project Sunrise, a five-year roadmap.[2][3][4]

References
  1. Matahari Department Store Tbk 2020, p. 6-7
  2. "Q4 / FY 2021 EARNINGS CALL" (PDF). Archived from the original (PDF) on 4 March 2022.
  3. "MATAHARI MEMBUKUKAN EBITDA Rp 1,3 TRILIUN MESKIPUN KUNJUNGAN MALL BELUM KEMBALI KE TINGKAT PRA-PANDEMI" (PDF). Archived from the original (PDF) on 4 March 2022.
  4. "Matahari Department Store Tambah 10 Gerai pada 2022 - Saham Liputan6.com". m.liputan6.com. Retrieved 2022-03-04.
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