Tag Archives: NRCE 2016

Parisian, taking steps in the right direction

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(Source: Entrepreneur Philippines | 12 August 2016) Despite being one of the oldest in-house brands of the SM Store, Parisian, a line of shoes and bags for women, remains to be in fashion, thanks mostly to the multi-pronged measures undertaken by the retail giant in the last nine years. This was revealed by Eugene Saw, the head of SM Store’s ...

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The future of our malls

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(Source: Entrepreneur Philippines | 18 August 2016) For malls to succeed in an age that is expected to see a lot of online retailing, their operators and developers should be mindful of not just what they’re selling but also of: (1) how they are selling their products; and (2) who they are selling them to. This is the belief of ...

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Lazada Philippines ‘no longer an eCommerce company’

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(Source: Inside Retail Philippines | 11 August 2016) Lazada Philippines is “no longer an eCommerce company,” CEO and cofounder Inanc Balci told delegates of the NRCE in Manila. “Today it is an mCommerce company. More than 60 per cent of our sales are now coming from mobile devices”, he said during the conference organised by the Philippine Retailers Association. Mobiles ...

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ABS-CBN to launch ‘experience store’ next year

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(Source: The Manila Times | 12 August 2016) Lopez-owned media and entertainment company ABS-CBN Corp. plans to open its first flagship “experience store” next year as part of its growing consumer business. Carlo Katigbak, ABS-CBN president and chief executive officer, said that the company’s thrust into retail or the direct to consumer business aims to provide delightful and meaningful experiences for ...

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SM Group in bid to bring in IKEA

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(Source: The Philippine Star | 11 August 2016) The SM Group is bidding to bring international furniture brand IKEA to the Philippines. SM Investments Corp. vice chairperson Tessie Sy-Coson said the country’s largest mall developer and retailer is among those trying to sign a deal with the furniture retailer. “We are just one of those who are talking to them,” ...

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Filipinos most optimistic consumers

Woman Holding Colored Shopping Bags In A Mall In Her Hand

(Source: Malaya Business Insight | 12 August 2016) Filipinos consumers are the most optimistic in the world and are increasing their savings for future spending, providing an opportunity for retailers. Trade Secretary Ramon Lopez, in his speech at the National Retailers Conference at the SMX Convention Center, also urged retailers to explore other trends like luxury retail as well as other ...

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