Tag Archives: Cebu

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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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

chocolate-chamber-manila-1

(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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