Sucessfully Opened 33 New Stores in 2013, Electronic City Sustain Leadership as the Biggest Electronic Modern Retail Chain in Indonesia
By the end of 2013, PT Electronic City Indonesia, Tbk (stock code: ECII) has succeeded new store roll-out by opening 33 new stores out of 30 stores planned. Sustaining leadership as the biggest electronic modern retail chain in Indonesia, Electronic City is currently present in 4 major islands Java, Bali, Sumatera and Kalimantan, 13 big cities at Jakarta, Bekasi, Tangerang, Bogor, Depok, Serang, Greater Bandung , Medan, Lampung, Solo, Denpasar, Balikpapan and Pontianak.
Forty stores are under “Electronic City” and 16 stores are under “Electronic City Outlet” brand of total 56 stores are currently being operated. With wider store network, more customers have more options in fulfilling their needs in audio-video, home appliances, gadgets, IT and office equipments by visiting the nearest Electronic City stores.
By the store roll-out performance above, Electronic City make its best efforts to keep on track as it has been able to achieve 39% YOY growth of Revenue, 61.9% YOY growth on Gross Profit, 52% YOY growth on Net Income by September 30, 2013 (9 months 2013). Full-year Financial Statement of 2013 will be submitted first to Indonesia Financial Services Authority (OJK) & Indonesia Stock Exchange (IDX) by March 31, 2014 and will be available for public soon after that date.
Note: Independent retail audit surveyor- GfK recorded YOY growth in electronic retail industry is still in high demand with 13.8% compared to last year (year-to-date September 30, 2013).