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Premier Insight : ACES, plans to build smaller size store format called Ace Express.
Monday, May 21, 2018       09:03 WIB

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Ace Hardware (; Rp1,185; Buy) plans to build smaller size store format called Ace Express. The company aims to build 5 Ace Express outlets this year. The Ace Express will have store area of 1,000 m2 compared to regular store that has store area of 1,500 m2. Additionally, company also plans to build 15 regular Ace stores this year compared to 17 stores last year. Today, the company owns 150 Ace stores. In separate news, Ace Hardware Expect SSSG to increase to 8% in 18F. As of April, SSSG reached 12.8% from the initial target 5%. Double-digit growth is coming on the back of recovery in commodity prices outside Java. (Investor Daily, Kontan).
Ace Hardware Expect SSSG to increase to 8% in 18F. As of April, SSSG reached 12.8% from the initial target 5%. Double-digit growth is coming on the back of recovery in commodity prices outside Java. (Investor Daily).

Sumber : IPS RESEARCH

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