Publicly listed home-improvement retailer PT Ace Hardware Indonesia plans to open between 10 and 12 new stores this year, with most of them located in Java.
Last year, the company opened 13 new stores despite its initial projection of 10.
“The number of new stores this year is lower because we want to look at the [market] situation first,” Ace Hardware vice president for investor relations Helen R. Tanzil said on Thursday.
