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MAPI — To maintain positive performance due to strong consumer demand
01 October 2024
MAPI — To maintain positive performance due to strong consumer demand Mitra Adiperkasa (MAPI) is expected to maintain positive performance due to strong consumer demand from Indonesia's upper-middle class and the growing trend of active lifestyles. With over 3.2k retail stores across 80 cities, including a rising international presence, MAPI's revenue is driven by specialty stores and MAP Active's sportswear segment. However, challenges remain from weakening consumer sentiment and shift away from department stores. (Source : Kontan)