Bata experienced a 5 percent decline in sales to IDR 609.6 billion and a comprehensive loss of IDR 188.4 billion in 2023.
Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us aton Friday , announced the cessation of activities at their factory in Purwakarta, West Java. The reason is the decline in footwear sales in the last four years, despite the company continuing to make various efforts to increase sales.
He further explains that such policy must be taken after they have struggled to face losses and industry challenges due to the Covid-19 pandemic and rapid shifts in consumer behavior. They have been experiencing this problem for the past four years.In its 2023 financial report, the company announced a 5 percent decrease in sales value to Rp 609.6 billion from the 2022 sales value of Rp 643.4 billion. This decrease is in line with the 2023 production quantity, which is only 1.
Amidst these efforts, Bata has to offset losses by selling assets in the form of land and the Graha Bata building in the Cilandak area of South Jakarta, valued at Rp 64 billion. The asset, which spans 1,993 square meters, will be bought by PT Simatupang Jaya Realty. This was announced on the BEI website on March 8, 2024.
The store manager arranges shoes in one of the booths at the Big Bang Festival 2023 clearance sale event in JIExpo Kemayoran, Jakarta on Thursday . It is expected that one million people will attend the 11-day festival.Regarding the closure of the Bata factory, according to him, it cannot be separated from losses due to declining orders with costs that are not balanced with revenue, such as high employee wages and unbalanced selling prices.
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