Tag Archives: Cebu

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 ...

Read More »

CHI to double retail, office space by 2020


(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 ...

Read More »

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, ...

Read More »

Study: Retail vacancies on the rise


(Source: Sun Star Cebu | 2 December 2016) Retail spaces in Cebu are experiencing growing vancancy rates in the recent years, a market study revealed. Pinnacle Real Estate Consulting Services Inc., in its Cebu property market report, said retail spaces since with 2013 was at a low of 2.55 percent. This dipped to just two percent in 2014. It was in ...

Read More »

Chocolate Chamber heads for Manila


(Source: Inside Retail Philippines | 28 October 2016) Cebu’s Chocolate Queen, the founder of the Chocolate Chamber, is to open her first store in Manila on November 9 Racquel T Choa, who also founded Rafle Gourmet, will open another chocolate cafe in Cebu City before the year is out – and a new store in Chef Jessie Rockwell Club in ...

Read More »

HMR makes Cebu comeback


(Source: Sun Star Cebu | 14 October 2016) The rising middle class in Cebu has prompted HMR Trading Haus to return and opened its 16th store in the country in a bigger space inside SM Hypermart in Mandaue City. “With the ever-growing economy of Cebu as a regional hub in the Visayas, it opens up opportunities for us to extend HMR’s ...

Read More »

Cebu retailers start stocking up for Christmas shopping rush

(Source: Inquirer.net | 12 October 2016) A Cebuano business leader said the boost in consumer spending during the holiday season is seen to increase employment opportunities and bolster the economy of the Central Visayas region. Robert Go, president of the Philippine Retailers Association (PRA) in Cebu, said December brings in two to three times more sales compared to any other ...

Read More »

Global brand New Era launches in Cebu


(Source: Inside Retail Philippines | 7 June 2016) World-renowned brand New Era has launched its maiden store in Cebu at SM Seaside. New Era Cebu features iconic head wear, apparel and accessories. The 92 sqm store highlights its founder Ehrhardt Koch’s collection. The opening of its first Visayas outlet follows the opening at SM Megamall and SM Aura in Manila. ...

Read More »

Parkmall Cebu expands


(Source: Inside Retail Philippines | 25 May 2016) Parkmall Cebu expands its mall construction as the Mandaue reclamation area continues to develop. Slated for completion by the last quarter of 2016, the construction of the West Strip is the first phase of Parkmall’s three-year redevelopment plan, which also includes the construction of a parking building and additional leasable spaces in ...

Read More »

Jollibee, Starbucks among new shops to open at MCIA


(Source: Cebu Daily News Inquirer | 11 April 2016) GMR MEGAWIDE Cebu Airport Corp. (GMCAC) announced the recent openings of two major food and beverage (F&B) brands at the Mactan-Cebu International Airport, thus providing passengers and airport stakeholders more dining options. Last April 1, Filipino multinational fastfood chain Jollibee finally opened two outlets at MCIA- one at the Domestic Arrivals ...

Read More »
Copyright @ 2014 Philippine Retailers Association. | Powered by MediaBlast Digital Corp.