ACES – Targets 25-30 new store openings in FY25

ACES – Targets 25-30 new store openings in FY25 Aspirasi Hidup Indonesia (ACES) targets 25–30 new store openings in FY25, supported by capex of IDR200–300 bn, following its brand transition from ACE Hardware to AZKO. As of Sep 25, 16 stores have opened, with management expecting a stronger rollout in the final two months of the year. Expansion will prioritize ex-Java regions including tier-3 cities such as Abepura, Sorong, and Rantau Prapat to capture wider market reach. The company is also refreshing store concepts which includes a newly launched lifestyle-format outlet at Pondok Indah Mall 1, to enhance customer experience and drive productivity per store. (Source : Kontan)