JAKARTA: Retailers expect to have sales growth between only 15% and 20% month-on-month (m-o-m) during the year-end holidays – Christmas and New Year – compared to about 25% to 30% sales growth in the previous years.
The outlook is based on sluggish growth during the Idul Fitri holiday in June, in which sales grew only 5% instead of the usual 15 to 20%, said Indonesian Retailers Association (Aprindo) chairman Roy Nicholas Mandey in Jakarta.
