Two years ago, Hero Supermarket was worth Rp5.45 trillion, while Alfaria Trijaya, operator of Alfamart convenience store outlets, was valued Rp23 trillion. Today, Hero Supermarket is valued Rp3.6 trillion, while Alfamart at Rp37.2 trillion. Pretty much as predicted, operators of bigger retail format have been forced to change. To subscribe please click here