ERAA — Expands aggressively with 123 new stores in 1H24

ERAA — Expands aggressively with 123 new stores in 1H24 Erajaya Swasembada (ERAA) pursued aggressive store expansion in 1H24, opening 123 new stores out of a targeted 200 for the year. This strategy, combined with optimizing existing stores, contributed to strong financial performance. ERAA introduced new retail brands under Erajaya Food & Nourishment, including Bacha Coffee and Curry Up. The company reported a 14.6% yoy increase in net sales to IDR33.1 tn, with mobile phones and tablets comprising 82% of total sales.(Source: Kontan)