ACES – Adding 10-15 outlets in 2023

Ace Hardware Indonesia (ACES) opened 5 new outlets throughout 2023. The company targets to open 10 - 15 new outlets this year. Currently, ACES operates 230 outlets across Indonesia. To realize the company's target in store expansion, the company has prepared IDR200 bn - IDR300 bn as the company's capital expenditure. With this store expansion, the company is targeting an increase in the company's revenue from the previous IDR6.7 tn. (Source : Kontan)