Harvey Nichols will close its Jakarta store
Expensive store Harvey Nichols will close down its store in Grand Indonesia shopping town, Jakarta, reportedly on poor performance. Opened in October 23rd, 2008, the store occupies 9500 square meter pole position at the East Mall of Grand Indonesia and managed by PT Mitra Adiperkasa (MAPI) Tbk, the leading lifestyle retailer in the country.
The food market has previously been closed down. But the Social House restaurant, bar, and wine shop owned by Ismaya Group will keep open its doors.
Harvey Nichols is an international luxury lifestyle store. Jakarta is the only city in South East Asia with Harvey Nichols store. It operates other stores in London, Hong Kong, Dubai, Istanbul, and Riyadh.
Well, the initial plan was to open Harrods in Grand Indonesia, developed by Djarum Group. But even in Singapore the store scored little success. The operator of luxury stores believe Indonesia has lot more affluent customers than Singapore. But looks like the affluent customers prefer to go overseas for shopping.
Mitra Adiperkasa also operates Debenhams and Sogo in Indonesia. The company moved Debenhams from Plaza Indonesia, Grand Indonesia's neighbor, in August 2008 to Karawaci Malla to prevent competition with Harvey Nichols.