ACES – Continue to open new stores in tier 2 and 3 cities

ACES – Continue to open new stores in tier 2 and 3 cities Aspirasi Hidup Indonesia (ACES) has continued to open new stores in tier 2 and 3 cities as part of the company's expansion plans.. Previously, ACES had opened stores in Tasikmalaya, Southeast Sulawesi, and Tangerang. The company is targeting 25–30 new store openings this year, mainly outside Java. So far, ACES has opened 10 new stores. ACES also plans to close underperforming stores, particularly in the Jakarta area. For this year, ACES projects SSSG to remain flat to slightly negative by year-end. Note that, ACES recorded revenue of IDR4.26 tn (+3.24% yoy) and net profit of IDR292.86 bn (-19.92% yoy) in 1H25. (Source : Bisnis Indonesia)