This Sunday, Ace Hardware Will Close Outlets at AEON BSD City Mall

TEMPO.CO, JakartaPT Ace Hardware Indonesia Tbk. will close one of its outlets at AEON mall, BSD City, Tangerang, on Sunday, May 29, 2022.

This was conveyed by the company with the stock code ACES through: information disclosure on the Indonesia Stock Exchange (IDX), Friday, 27 May 2022.

“According to Bapepam regulation No. XK1 regarding information disclosure which must be announced to the public immediately, we hereby announce that the company will close its outlets located in AEON BSD, Tangerang on May 29, 2022,” stated Ace Hardware’s official statement.

The Ace Hardware outlet in the mall has been operating since May 30, 2015. A number of reasons were behind the closure of the outlets, one of which was as part of the company’s business development strategy.

Throughout 2022, issuers retail modern It has opened 7 new outlets spread across Surabaya, Bandung, Depok, Bogor, Lombok, Palembang and Tangerang. Currently, the total outlets owned by Ace Hardware reach 221 outlets.

When viewed from the sales value of Ace Hardware in the first quarter of 2022, it reached Rp. 1.59 trillion. The sales value fell 3.41 percent compared to the same period last year of Rp 1.64 trillion.

If detailed, the decline in sales occurred in almost all segments. Sales of home improvement products, for example, fell from Rp 890.26 billion to Rp 867.75 billion.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Never miss any important news. Subscribe to our newsletter.