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View all search resultsACE hardware to open 15 new outlets
PT ACE Hardware Indonesia, the publicly listed retailer of home-improvement products, is set to open 15 new outlets across the archipelago by the end of the year, to tap into the growing consumer demand in Indonesia
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T ACE Hardware Indonesia, the publicly listed retailer of home-improvement products, is set to open 15 new outlets across the archipelago by the end of the year, to tap into the growing consumer demand in Indonesia.
ACE investor relations Imelda Widjojo said the company had recently opened 10 new stores: seven outside Java and three on Java but outside Jakarta. 'We plan to open three more outlets after Idul Fitri,' Imelda said in Jakarta on Tuesday as quoted by kontan.co.id. Idul Fitri is expected to fall on July 28.
Imelda said the two remaining outlets, in Jakarta and outside Java, would be opened after Wednesday's presidential election.
She said the firm spent around Rp 20 billion (US$1.72 million) on each new outlet, on 2,100-square-meter sites. She declined to give details on outlet expansion in cities outside Jakarta.
The company aims to increase its sales by 20 percent to Rp 4.62 trillion this year from the Rp 3.85 trillion it booked last year.
