AMRT – Store expansion

AMRT – Store expansion Sumber Alfaria Trijaya (AMRT) closed hundreds of stores this year due to store losses and high rental costs. However, the company continues to expand by opening new outlets. By 9M24, AMRT operated 19,971 stores (an increase of 884 stores year-to-date). The company aims to add 1,000 new outlets this year, focusing on regions outside Java. AMRT is also targeting international market expansion, particularly in the Philippines. Note that, AMRT reported revenue of IDR88.21 tn (+10.23% yoy) and net profit of IDR2.39 tn (+9.52% yoy) as of 9M24. (Source : Bisnis Indonesia)