News

Walter Mart signs power supply contract with Aboitiz as it eyes expansion

3-24 PRESS RELEASE - Walter Mart set to expand store footprint

Community mall pioneer Walter Mart continues its aggressive expansion this year, adding four malls, in line with its target to double its current portfolio of 23 community malls and supermarkets within the next five years. Walter Mart eyes branches in Tarlac, Nueva Ecija, Bulacan, and Batangas as part of its expansion plans for this year. To support its growth and ...

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Uniqlo targets Zara in faster fashion move

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(Source: Retail News Asia| 22 March 2017) From fast fashion to faster fashion: speed is seen as the key by Uniqlo owner Fast Retailing in its bid to outrace apparel powerhouse Zara. Uniqlo founder Tadashi Yanai says Fast Retailing plans to shorten the time it takes from design to delivery to about 13 days, roughly the same as Zara, owned by ...

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Ayala Malls and Uber partner to offer carpool service

Photo: Rappler

(Source: Rappler, Business Mirror | 20 March 2017) Ayala Mall’s The 30th has partnered with transportation network company Uber to shuttle commuters from the newest Ayala Mall branch in Pasig to business destinations in Makati and Taguig through Uber’s ride-sharing service Uberhop. At a flat rate of P70, mall-goers from The 30th can share ride with other passengers going to ...

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PRA President highlights importance of going global

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Philippine Retailers Association (PRA) President Atty. Paul A. Santos highlighted the importance of the local retail industry in going global during the 2017 1st Quarter General Members’ Meeting (GMM) on March 16, 2017 in Marco Polo Hotel, Pasig City. He shared how the PRA is working for its members for more opportunities to have exposure abroad. Early this year, the ...

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Apple plans retail expansion in India

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(Source: Apple Insider | 17 March 2017) American multinational technology company Apple is expanding its presence in India by increasing authorized reseller locations with over 100 small stores believed to be a six-fold increase in the number of outlets already in operation in the country. The reseller stores will measure 450 to 500 square feet in size, according to the ...

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Robinsons Retail income up on expansion, acquisitions

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(ABS-CBN News | 20 March 2017) Robinsons Retail Holdings Inc., the retail holding company of the Gokongwei group, said its net income in 2016 grew 11.6 percent to P4.85 billion from P4.34 billion in 2015 on aggressive store expansion and recent acquisitions. RRHI in a disclosure to the stock exchange said 2016 consolidated revenues jumped 15.9 percent to P105.3 billion ...

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Fashion retail Bench to open in Japan

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(Source: Inside Retail Philippines | 20 March 2017) Philippine fashion retailer Bench is opening its first international branch, in Okinawa, Japan. This follows its first Bench Fashion Week, marking the company’s 30th year in business. Owner Ben Chan says the Okinawa store will open this month, and follows Bench being part of Tokyo Fashion Week last year as the Philippines’ ...

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Congratulations to our award-winning member!

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The Philippine Retailers Association congratulates its member Oryspa Spa Solutions, Inc. President Sherill Ramos-Quintana for recently being recognized as ASEAN Woman Entrepreneur in Hanoi, Vietnam. Aside from this Quintana has already been recognized locally and abroad for her 100% natural rice-bran based health and wellness products such as balms, powders, soaps, essences, and creams among others Quintana was awarded Most ...

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Shorter hours spreading to Japan’s retail sector

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(Source: Nikkei Asian Review | 8 March 2017) More Japanese retailers are adopting earlier closing times to cope with a deepening labor shortage, worried that the prospect of late-night shifts could scare off potential new workers. The practice first gained traction among short-staffed restaurant operators, and now the retail sector is being forced to think about the work-life balance. Shopping ...

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ANNOUNCEMENT! BSP extends exchange of old banknote to end of March

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The Bangko Sentral ng Pilipinas (BSP) has extended the exchange of old banknotes to the new series until March 31, 2017 to accommodate requests of many to move the December 2016 deadline. The BSP advised that anyone who wishes to exchange their old banknotes may go directly to BSP or any BSP-accredited banks. Overseas Filipino Workers (OFW) may exchange old ...

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