ACES – Boosting performance through new store expansion

ACES – Boosting performance through new store expansion Aspirasi Hidup Indonesia (ACES) plans to open 15 new outlets, especially in the Sumatra region this year. The opening of the new outlet adds to the scope of services in 4 new cities, namely Banyuwangi, Garut, Banda Aceh and Tanjung Pinang. As of 1H24, ACES has opened 7 new stores and has 238 stores located in 71 cities in total. With the opening of the new outlet, ACES is optimistic that the company will improve its performance this year. Note that, ACES allocated a capex of IDR200-250 bn this year. (Source : Kontan)