After closing its Starmart stores, Hero Supermarket (HERO) plans to open seven new stores – 4-5 Giant outlets and 1-2 Ikea stores – in Sumatra, Sulawesi, and East Java . The company also plans to open two new Hero outlets. The company has allocated capex of Rp250b in 2H16. In 1H16, the company spent capex of Rp212b to open new stores.
View All Post