Matahari Department Store Tbk.

Brief of Company Background

Matahari (“Company”) has a deep legacy in Indonesian retail. Beginning its journey on October 24, 1958 with the opening of its first outlet, a children’s fashion store in Jakarta, Matahari went on to open Indonesia’s first modern department store in 1972. Matahari has transformed itself as one of the most resilient retailers in Indonesia and has been recognised as the largest retail platform in Indonesia, providing the growing Indonesian middle class with quality merchandise in its key categories. After relaunching its brand positioning and identity as the “House of Specialists”, Matahari began to focus on four main things: Products, Price, Customer Experience, and People.

Currently, Matahari operates 155 stores in around 82 cities all over Indonesia as well as online presence on matahari.com, chat-based commerce platform “Shop & Talk”, and third-party marketplaces. Matahari’s presence is supported by more than 30,000 total staff and sales associates, as well as 600 local suppliers.

The company has garnered several accolades on both national and international levels, such as the TrenAsia’s ESG Awards 2023, Fashion Retail of The Year 2023 by HIPPINDO, Top 50 Mid Capitalization Public Listed Company 2023 by IICD, Top 100 Most Valuable Brand by Brand Finance, Most Improved Investor Relations, and Top 5 Best Senior Management IR Support in 2022 by Alpha Southeast Asia. Other recognitions include being named Top 10 CSR Donor by the Indonesia Stock Exchange, Best Non-Financial Sector, and Top 10 Mid-Cap Issuers at the ASEAN Corporate Governance Awards 2022, Top Digital Company & Best Excellent Service Experience Index Award 2022 by Majalah Marketing, Top 50 Most Valuable Brand Awards 2021 by Brand Finance Indonesia, and Top 500 Retail Asia Pacific by Retail Asia, Euromonitor & KPMG. Matahari was also recognized as one of the Top 3 Most Powerful Retail Brands in Indonesia in the Brand Asia 2018 awards by Nikkei BP Consulting, Inc., and received the WoW Brand Award 2019 – Gold Champion from MarkPlus Inc. Additionally, the company earned the Stellar Workplace Award 2023 for Employee Commitment and Employee Satisfaction, and the Indonesia Netizen’s Brand Choice Award 2018 from Warta Ekonomi. These awards collectively contribute to and reinforce Matahari's reputation as a leading, dynamic, and trustworthy company in Indonesia.

VISION

To empower Indonesians to Look and Feel their Best. 

MISSION

To curate affordable and accessible lifestyle collections that bring joy to Indonesians.

Shareholder List

Management