Revenge spending has batik, beauty products flying off shelves in Indonesia
JAKARTA (Bloomberg): Revenge spending is trumping inflation as Indonesians snap up batik clothes, footwear, and cosmetics post-pandemic, according to one of the nation’s biggest department store operators. Office and party wear – including the nation’s traditional batik attire typically used for formal occasions – are flying off the shelves as more Indonesians go out again, … Read more
