Tag Archives: Cebu

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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Study: Retail vacancies on the rise

cebu-city

(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 ...

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Chocolate Chamber heads for Manila

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(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 ...

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HMR makes Cebu comeback

hmr-cebu

(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 ...

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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 ...

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Global brand New Era launches in Cebu

new-era-cap

(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. ...

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