Retail Aiming Entrepreneurs Grow 5.2 Percent In Eid 2024

Retail illustration (photo: dock. unsplash)

JAKARTA - The Indonesian Retail Entrepreneurs Association (Aprindo) targets retail growth in the 2024 Eid period to reach 5.2 percent.

"We predict that in Lebaran now between 5.2 percent can be achieved," said Aprindo Chairman Roy N Mandey at a press conference in the Kuningan area, South Jakarta, Thursday, January 18.

Roy said that the growth target could be achieved if political conditions to health were conducive. In addition, peace occurs in countries that are in turmoil.

"But there is a conducive record of politics, conducive health, significant peace occurs in the midst of geopolitical (conditions) and there is no increase in geopolitical escalation that can increase oil prices," he said.

He added, although the tightening of imports will occur in the next three months, his party is still optimistic that the targeted retail growth can be achieved.

"So, now Lebaran is due to the tightening of imports, right, later after three months, we still see that (retail growth) can be the same and can go up even though it is a little," he said.

According to Roy, the momentum of Eid is what is awaited because it can contribute 55 percent to 60 percent for retailer turnover. This is considered very meaningful because this contribution becomes turnover in a year.

"So, this month's Eid is still optimistic," he concluded.