INDONESIA: Matahari Department Store’s Recovery Continues
Jakarta-based department store Matahari Putra Prima is rapidly recovering from the Asian economic crisis that devastated many retailers towards the latter half of the 1990s. After two years of strong sales growth, the company's investor relations manager, Danny Kojongian, said that sales growth could be as high as 30 per cent in 2001: "In 2001, we could still see our growth between 20 per cent and 25 per cent, with the maximum probably 30 per cent."
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