Residents Attack Giant Ahead Of Permanent Closing, Warganet: Welcome Giant Cluster

JAKARTA - A video circulated of residents crowding the Giant supermarket to shop before the outlet officially closed at the end of July 2021.

It is not clear which Giant was attacked by residents. In the video uploaded to BacangSpesial's Twitter account, it appears that residents crowded the entrance and immediately took shopping trolleys, scattering to look for their respective needs.

"Welcome Giant cluster," wrote the BacangSpesial account on Saturday, May 29.

Welcome Giant cluster pic.twitter.com/LhYYqLy3m5

— BacangSpecial (@BacangSpecial) May 29, 2021

It is known, multi-format retail company PT Hero Supermarket Tbk (HERO Group) announced that following up on its strategy for all its business lines, the company will focus its business on the IKEA, Guardian, and Hero Supermarket trademarks which have higher growth potential than Giant.

With the closing of Giant, within two years, Hero Group targets to five times the number of IKEA outlets compared to 2020, and open up to 100 new Guardian outlets by the end of 2022.

President Director of Hero Supermarket Patrik Lindvall said the company still faced significant challenges in the first three months of this year due to the COVID-19 pandemic which limited people's movement which led to a decrease in visitor traffic.

"The company's grocery and health and beauty businesses continue to be significantly negatively affected by this pandemic. The restrictions are causing changes in customer shopping behavior," said Patrik.

Quoted from the financial report of the issuer codenamed HERO, Wednesday, May 26, the company posted revenue of Rp. 1.76 trillion in the first quarter of 2021. This achievement decreased by 32.20 percent compared to the same period last year which was valued at Rp. 2.60 trillion.

The decrease in operating expenses was recorded to be Rp. 514.89 billion in the first quarter of 2021 from the previous Rp. 774.48 billion in the first quarter of 2020. As a result, HERO's current period loss was thin.

The current period loss for the IKEA and Guardian managers was recorded at IDR 1.64 billion in the first quarter of this year, a decrease compared to a loss of IDR 43.55 billion in the first quarter of 2020.