Jakarta – Fashion products have not bounced back from the fuel price increase in October last year, causing earnings from clothing and shoes to decline by 40 percent since January.
The management of Mal Cinere in South Jakarta, Lanny Darmawan, was quoted by Antara as saying that although Jakarta's shopping malls were never empty of visitors, only a few actually came to buy something.
"Visitors still come, about 10,000 visitors a day, but only a few people actually return home with shopping," she said, explaining that unlike fashion products, food and beverages sales were more resilient.
Mall tenants say that to get through this dry period, they are aggressively promoting their products through various promotional programs. "Reduced profits are no big concern, just as long as they can stay afloat during this time," Lanny said.