Tag Archives: Metro Retail

Metro Retail Stores Group opens 51st store in Mandaue City

Super-Metro-Phillipines

(Source: SunStar | 5 May 2017) LEADING retail company Metro Retail Stores Group Inc. (MRSGI) solidifies its industry dominance in the Visayas region with the recent opening of its 51st store at the heart of Mandaue City in Cebu. Located at H. Abellana St, Barangay Canduman, Mandaue City, the new Metro Supermarket is a welcome development for residents looking forward ...

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SMEs urged to be like Metro, list firms at PSE

Metro Retail PSE

(Source: Inquirer.net | 20 September 2016) Be like the Visayas-based Metro Retail Group and have your firms listed in the Philippine Stock Exchange (PSE). Lawyer Roel Refran, PSE chief operations officer, made this call to small and medium enterprises (SMEs) entrepreneurs especially those, whose businesses are in the Visayas. Refran also showed the benefits of listing their small and medium ...

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Metro Retail to open hypermarket in Negros Oriental next year

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(Source: Business World | 26 July 2016) Metro Retail Stores Group, Inc. (MRSGI) is expanding its foothold in the Visayas with the establishment of a hypermarket in Negros Oriental in line with a plan to double its footprint within five years. The Cebu-based multi-format retailer inked a 25-year agreement for the lease of a building owned by the local government ...

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Demand drives Puregold, Metro Retail earnings up in Q1

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(Source: BusinessWorld | 13 May 2016) Lucio L. Co-owned Puregold Price Club, Inc. and Gaisano-led Metro Retail Stores Group, Inc. rode strong consumer demand to higher earnings in the three months ending March, according to separate disclosures to the stock exchange on Friday. Puregold, the country’s second largest grocery operator, increased its net profit by nearly a tenth to P1.15 ...

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Metro Retail opens QC department store

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(Source: Business World | 5 May 2016) Visayan retail giant Metro Retail Stores Group, Inc. (MRSGI) has completed the takeover of a department store previously owned by the partnership of the Ayala and Tantoco families that will expand its presence in Quezon City. The Gaisano-led retailer recently inaugurated its 48th store — a two-storey, 10,920-square meter (sq.m.) department store — ...

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Metro Retail opens new Cebu warehouse

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(Source: Manila Times | 8 April 2016) The Gaisano-led Metro Retail Stores Group Inc., (MRSGI) recently inaugurated a new warehouse in Cebu, adding another distribution facility to its operations as part of optimizing its logistics footprint, the firm announced on Thursday. In a statement, MRSGI said the additional leased warehouse located in Tingub, Cebu is in line with the company’s ...

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Metro Retail to open 7 stores this year

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(Source: Business World | 27 March 2016) Metro Retail Stores Group, Inc. (MRSGI) is commencing its five-year expansion program with the opening of seven stores that will capitalize on the rising consumer spending in the Philippines. MRSGI Vice-President for Business Development Joseph Conrad M. Balatbat said in an e-mail the new stores — which will be located in Luzon and ...

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Metro Retail expects another banner year

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(Source: Business World | 16 March 2016) Metro Retail Stores Group, Inc. (MRSGI) expects another record year for the Visayan retail giant after earnings grew by a fifth on the back of its store expansion. The Gaisano-Led multi-format retailer told the stock exchange yesterday the company saw an annual 20.6% growth in bottom line to P758.6 million last year. Net sales ...

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ALI, SSI sell ‘Wellworth’ store assets to MRSGI

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(Source: Inquirer.net | 2 March 2016) An Ayala-Tantoco joint venture has sold the Wellworth department store retailing assets in Fairview Terraces Mall and UP Town Center Mall to Gaisano-led retailer Metro Retail Stores Group Inc. (MRSGI). The deal will allow MRSGI to expand its network of department stores in these two key locations by a combined total gross floor area of ...

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Metro Retail starts expansion

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(Source: Cebu Daily News | 11 February 2016) Listed Cebu-based retailer Metro Retail Stores Group, Inc. is starting to implement an aggressive expansion program that will bring its network to 100 stores in five years. The biggest retailer in the Visayas plans to open a store in Tacloban City, Leyte, nearly three years after Supertyphoon Yolanda devastated the coastal community. Marilou ...

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