Tag Archives: Cebu

Cebu is next big thing for retail dev’t

cebu-city

(Source: Sunstar | October 15, 2018) With the influx of big retail investors in the province, Cebu is considered the “next big thing” in retail and commercial developments, according to the Philippine Retailers Association (PRA). PRA President Rosemarie Bosch Ong said that Metro Cebu remains the largest retail hub outside Metro Manila. With a strong and growing business process management ...

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Market intel to aid local retailers

outlet-cebu

(Source: Sunstar | May 16, 2018) Local retailers are encouraged to brace for stiffer competition from growing online retailers and the aggressive expansion of big brands in the industry. To win in today’s market and the new age of retail, Philippine Retail Association (PRA)- Cebu president Robert Go advised his fellow retailers to equip themselves with the right market knowledge ...

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Open up, local governments told

pernia

(Source: Sunstar | April 23, 2018) To ensure that economic gains are felt in the grassroots, local officials were urged to open up their localities to outside investors. National Economic and Development Authority (Neda) Director General Ernesto Pernia said that for provinces to spur economic growth, these shouldn’t hinder outside investors from doing business. Pernia noted that local government units ...

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Brick-and-Mortar spaces stay relevant in PH retail

outlet-cebu

(Source: Sunstar | March 26, 2018) There remains a healthy play of traditional and online stores in the Philippines today, amid reports that brick-and-mortar outlets are on the way out in other countries. Joey Roi Bondoc, research manager at Colliers International Philippines (Colliers Philippines), said brick-and-mortar stores can still coexist with online retail in the Philippines, as malls are the ...

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More lending, tax reform prop up retail’s outlook

Philippine Retail

(Source: Sunstar | December 30, 2017) Cebu’s retail scene is likely to continue to enjoy strong sales in 2018 and infrastructure build-up will play a huge part in this anticipated rise in consumer spending. “Infrastructure will drive retail activities in 2018,” said Robert Go, president of the Philippine Retailers’ Association-Cebu Chapter. “As more projects are being erected, more jobs will ...

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High population key to Miniso success

Miniso

(Source: Sunstar | November 3, 2017) Japanese lifestyle brand Miniso is banking on the Philippines’ over 100 million consumers for its massive expansion plan in the near term. Mini Depato Corp. president Michael Hong yesterday said they are eyeing to grow at least 500 stores within five years in key cities of the country. For Cebu, Hong eyes to open ...

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Metro Retail Stores: 35 years of shaping the Filipino shopping experience

Metro-Retail-Stores-Group_Fairview-Terraces

(Source: Philstar.com | October 22, 2017) Homegrown Cebuano retail chain Metro Retail Stores Group Inc. (MRSGI) ushers in its 35th anniversary with a renewed commitment to its roots, flourishing in the highly competitive retail industry by being relevant to the communities it serves, and committing itself to operational excellence and technological investments. Originating from a humble department store and supermarket ...

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F&B sector helps fuel retail space demand in Cebu

food court

(Source: Cebu Daily News | September 8, 2017) The entry of internationally-recognized brands and the aggressive expansion of homegrown restaurant chains in Cebu are seen to continue driving the absorption of retail space demand in the country’s second largest urban hub. This, coupled with the Filipinos’ love affair with dining, is poised to sustain the food and beverage (F&B) segment’s ...

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CHI to double retail, office space by 2020

ACC

(Source: Sunstar.com.ph | 24 April 2017) Publicly-listed Cebu Holdings Inc. (CHI) remains bullish on Cebu and expects to double its revenue coming from its leasing and retail business. In the next five years, the company will sustain its capital expenditure (capex) investment, said CHI president Aniceto Bisnar Jr., in a press conference. Last year, the Ayala-led company earmarked a capex ...

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Cebu resto ready to expand in Manila

Golden Cowrie Lahug (1)

(Source: Inside Retail Philippines | 13 March 2017) Cebu-based restaurant Golden Cowrie plans to open 10 more branches in Manila and Mindanao by the end of the year. Executive committee member Earl Kokseng said that they have spent the past few years expanding in Visayas and Mindanao, and now that they have branches in every key city in those regions, ...

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