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Latest Columns Setyadi Surya

  • Indonesian Department Stores in Focus: Ramayana Lestari Sentosa

    Amid changing shopping habits of the Indonesian consumer, department store Ramayana Lestari Sentosa continues to transform its business and to adjust it to the modern retail reality. In August 2017 Ramayana Lestari Sentosa announced to close eight stores (in Surabaya, Banjarmasin, Bulukumba, Bogor, Pontianak and Sabang), hence triggering concerns that the company is in financial trouble.

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