News

ASEAN mid-class to spend more on fashion items–survey

(Source: Sunstar.com.ph | November 30, 2018) According to a recent survey, middle class in Southeast Asian cities particularly in Jakarta, Kuala Lumpur and Bangkok, are willing to spend more money on fashion items over the next two years. The survey was conducted by Hong Kong Trade Development Council (HKTDC) and it reported that fashion took the third place in terms ...

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PRA bags top awards at 2018 “ANG SUSI Awards” — 3 years in a row

(November 29, 2018) The Philippine Retailers Association has successfully capped off 2018 with a double victory at the “ANG SUSI Awards” of the Philippine Council of Associations and Association Executives, which coincided with the 6th Association Summit on November 23, 2018. PRA Chairman Atty. Paul A. Santos was named the “Board Member of the Year” for his outstanding service as ...

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Global online FMCG sales grow by 13% –Kantar Worldpanel

(Source Kantar Worldpanel | November 22, 2018) Online sales of groceries grew by 13% globally in 12 months until June, 2018, nowacquiring a share of 6.3% of all fast-moving consumer goods (FMCG) sales, based on Kantar Worldpanel report. This compares with a 1.6% increase in total FMCG (online and offline) sales though it is the slowest e-commerce growth in five ...

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Robot concierge coming to SM

(Source: ABS-CBN News | November 22, 2018) Weeks after it announced its use of robot concierge for its malls, SM has gave its SM Megamall shoppers a preview of how these robots will work in a demonstration recently. The robot concierge provides information on deals, promos and events from a touch screen mounted on its chest. It can also reply ...

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In era of online retail, Black Friday still lures a crowd

(Source: Philstar.com | November 24, 2018) Across the United States, thousands of shoppers flocked to stores on Thanksgiving or woke up before dawn the next day to take part in this most famous ritual of American consumerism. Shoppers spent their holiday lined up outside the Mall of America in Bloomington, Minnesota, by 4 p.m. Thursday, and the crowd had swelled ...

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Japan’s oldest Department Store to open in BGC

(Source: Esquiremag.ph | November 21, 2018) As part of the development of the Grand Central Park in BGC, Filipinos can now experience an authentic Japanese shopping at Japan’s oldest surviving department store. Here are some things you need to know about this highly-anticipated destination based on Eaquire Magazine: Mitsukoshi Mall is a Japanese retail giant. Mitsukoshi is the oldest surviving ...

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Ayala set to expand Cloverleaf mall

(Business World | November 23, 2018) To cater more to the needs of commuters in Balintawak area, Ayaland Land, Inc. (ALI) is expanding its Cloverleaf mall. Ayala said that it targets to open phase 2 of Ayala Malls Cloverleaf by 2022, offering a gross leasable area (GLA) of around 40,000 square meters (sq.m.). “Because of the success of phase 1, ...

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Retail Spotlight: Mariana Zobel de Ayala

The young and modern retailer talks about the importance of malls today It’s not difficult to miss Mariana Zobel de Ayala in a crowd with her tall stature and mestiza looks, but one can get even more captivated by listening to the young Ayala talk about her insights and plans as the General Manger of the Ayala Malls The 30th. ...

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IKEA to build its biggest store in Manila

(Source: Manila Bulletin | November 20, 2018) Swedish home furnishing retailer IKEA has announced that it will be opening the largest IKEA store in the Philippines by end of 2020 at the Mall of Asia complex in Manila. IKEA’s managing director for Southeast Asia Christian Rojkjaer, said they have entered into a long-term lease with the SM Prime Holdings Inc. ...

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Batangas City Retailer Gives Bigger Shopping Malls a Run for Their Money

(Source: Entrepreneur Philippines | November 16, 2018) Mr. Robert Go of Citimart shares with Entrepreneur Philippines how he started in the supermarket business, and why the business thrives inspite of the entry of big shopping malls in Batangas. Read on for an inspiring story. More than three decades since founding Citimart, a small grocery established in 1986 that grew into ...

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