Matahari Department Stores (LPPF) has earlier reported 0.5% decline in sales revenue to Rp1.85 trillion in the first quarter of 2017. Yesterday, Hero Supermarket (HERO) followed with 7.7% drop in sales revenue (year-on-year). Modern International (MDRN), meanwhile, has decided to sell its 7-Eleven to Charoen Pokphand Group. Business associations said all of these reflecting weakness of household consumption in the period. Really?To subscribe please click here
