ACES - A 5.6% yoy SSSG in January 2024

ACES - A 5.6% yoy SSSG in January 2024 ACE Hardware Indonesia (ACES) reported a 5.6% yoy same store sales growth (SSSG) in Jan '24, which was higher than a 2% yoy SSSG in Jan '23. Moreover, thanks to its continuous promotions, ACES' sales reached IDR664 bn. ACES also opened 2 new stores on Jan'24; ACE the Park Pejaten, Jakarta and ACE Banyuwangi. With 2 new stores, now ACES has a total of 233 stores, throughout 67 cities in Indonesia. All in all, the company expects to have a much better performance in 2024 due to its continuous promotions and this year' festivities. (Source: Kontan.co.id)