News

Google Plans To Open Flagship Retail Store In Chicago To Showcase Its Hardware Products

google

(Source: Hot Hardware | August 16, 2018) Apple has hardware stores all across the country. So does Microsoft, to a lesser extent. What about Google? The sultan of search does not have a huge brick-and-mortar presence—it has some pop-up stores here and there, and retail locations inside other stores, but it does not have a flagship location of its own. ...

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Walmart posts biggest U.S. sales rise in a decade, shares soar

Walmart Store Exterior

(Source: Reuters | August 16, 2018) Walmart Inc. posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc. The world’s largest retailer is known for its sprawling stores, a factor that ...

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Global retail experts share latest insights on reinventing retail at the 25th NRCE

Retail and e-commerce futurist and best-selling author Wijnand Jongen during the 25th NRCE.

(August 17, 2018) Over 700 delegates composed of CEOs, presidents, top level executives, and retail business representatives attended the 25th National Retail Conference and Stores Asia Expo (NRCE)—the biggest and most relevant gathering of retailers in the country—to listen to the latest insights and updates on retail industry from global and local experts last August 9-10 at the SMX Convention ...

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PRA joins country’s biggest business organizations for MSME dev’t initiative

PRA Chairman Paul Santos (2nd row, 3rd from left) joins  representatives from other business organizations during the launch of the Pilipinas, Angat Lahat Alliance on August 14 at the Malacanan Palace.

(Source: Go Negosyo PR | August 15, 2018) To bring about inclusive Philippine economic growth and development, 30 business organizations in the country, including the Philippine Retailers Association join hand to form an alliance that advocates for jobs generation and poverty alleviation. The initiative called Pilipinas Angat Lahat Alliance led by Presidential Adviser for Entrepreneurship and ASEAN Business Advisory Council ...

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Time-starved, hyperconnected Filipino consumers seek out convenience

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(Source: Nielsen PR | August 15, 2018) Filipino consumers are leading increasingly hectic lives, leading them to demand convenient solutions that can help simplify their lives. This behavior is consistent with the global trend that is now greatly influencing consumption and buying habits, according to a new report by performance management company, Nielsen. The Nielsen Quest for Convenience Report, which explores ...

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PRA, FILSCAP renew partnership

(Photo from FILSCAP FB Page)

The PRA and FILSCAP have renewed their partnership through a four-year Memorandum of Agreement. With this MOA, PRA members in good standing will enjoy special discounts and concessions when applying public performance licenses for their business establishments with FILSCAP. Shown in the photo are(L-R): PRA Vice Chairman Roberto Claudio, PRA Vice Chairman Lorenzo Formoso, PRA Chairman Paul Santos, PRA President ...

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Thai 7-Eleven hits headwinds

7-eleven

(Source: Inside Retail Asia | August 13, 2018) Thai 7-Eleven operator CP All has reported slowing profit growth, despite increased revenue. Net profit growth of 2.8 per cent was its weakest quarterly result in years, according to Thomson Reuters. Its net surplus was 4.78 billion baht (US$144.2 million). In the same period a year ago, growth reached 10.8 per cent. ...

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Metro Retail Stores posts P344-M H1 profit

MRSG

(Source: Sunstar | August 13, 2018) On the back of a strong performance from its current network of stores, Metro Retail Stores Group Inc. (MRSGI) posted a 9.5 percent increase in retail sales for the first half of 2018. Highlighted by a 171 basis point improvement in margins, MRSGI also reported a P344-million profit for the first semester despite the fire ...

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New mall openings drive SM Prime’s income growth to P16.62B in H1

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(Source: Business Mirror | August 6, 2018) Shopping mall operator SM Prime Holdings Inc. on Monday said its net income grew 16 percent during the first half of the year ending June, mainly as a result of new mall openings during the past few months. The company said first-half earnings grew to P16.62 billion, from P14.39 billion last year. Consolidated ...

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Araneta group spending P6.5 billion for Gateway Mall 2, hotel in Cubao

Araneta_Center_PH_Logo

(Source: Business Mirror | August 1, 2018) The Araneta Group is spending P6.5 billion for the expansion of its Gateway shopping mall in Cubao, Quezon City, and for the 300-room hotel in one of the country’s first mixed-use properties. Antonio T. Mardo, Araneta Center Inc.’s senior vice president for operations, said the group will spend about P5 billion for the ...

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