Tag Archives: Philippine Retail

Retail sector cashes in on Valentine’s Day

Valentines Manila

(Source: Inquirer.net | 09 February 2017) While February is generally considered a “slack month” for business, brisk sales are expected days leading up to the occasion most lovers look forward to each year. Robert Go, president of the Philippine Retailers Association (PRA) in Cebu, said flower shops are seen to be extremely busy accepting orders and making deliveries on Feb. 14, ...

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Retail seen robust in Year of the Rooster

Philippine Retail

(Source: Inquirer.net | 28 January 2017) Never has the local retail scene become more competitive than it is today. Considering that shopping malls and commercial centers have sprouted in practically every corner of the country, it would be hard to believe that the local market remains far from its saturation point. Sure, competition may have gotten stiffer today compared to ...

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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 ...

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Onion farmers to sell direct to major retailers


(Source: Fresh Plaza | 28 November 2016) On November 25, five of the Philippine’s biggest supermarket chains committed to buy direct from the country’s onion and garlic farmers. The move marks the start of the struggle to dismantle the cartels controlling these important commodities in the country. SM, Rustan’s, Mindanao-based NCCC Mall, ShopWise and SaveMore will now source their garlic ...

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Retail, BPO to continue driving PHL property market

Philippine Retail

(Source: Business World | 29 August 2016) Sustained demand from retailers and business process outsourcing (BPO) locators will continue driving the property sector, while the industrial segment awaits infrastructure developments, according to consultancy KMC Savills, Inc. Retail will outgrow other segments of the real estate industry, expanding 7.5% to 10% this year, KMC Savills Head of Research Antton Nordberg told reporters ...

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Philippine retail ranks 16th globally

Makati City, Downtown Of Manila

(Source: Inside Retail Philippines | 6 June 2016) Strong GDP growth and Philippine retail have put the country in the Global Retail Development Index’s top 20. The Philippines placed 16th in the AT Kearney 2016 GRDI, which ranks the top 30 developing countries for retail investment worldwide. The Index analyses 25 macroeconomic and retail-specific variables to help retailers devise successful ...

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Philippine retail sales grow

Woman Holding Colored Shopping Bags In A Mall In Her Hand

(Source: Inside Retail Philippines | 23 May 2016) Philippine retail sales in March rose 1.1 per cent year-on-year and 0.4 per cent month-on-month. During the first quarter, retail sales averaged 1 per cent, up from the average 0.7 per cent in the fourth quarter of 2015. Earlier in the year, Bangko Sentral ng Pilipinas noted that the wholesale and retail ...

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Philippine retail sales surge


(Source: Inside Retail Asia | 10 March 2016) Philippine retail sales soared 6.3 per cent in the last quarter of 2015 – more than three times faster than the same period a year earlier. According to data from the Philippine Statistics Authority, the retail trade growth was more than three times the rate of the same period of 2015, when ...

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Office property rules, but retail is next


(Source: The Manila Times | February 8, 2016) After the outsourcing-backed office sector, the retail segment is forecast to be the next main driver of the Philippine real estate industry. Retail will be the real estate industry’s strongest segment this year, Claro Cordero, head of research and consultancy at global property advisor Jones Lang Lasalle, told The Manila Times on Monday. ...

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DTI calls for reduction of SRPs for basic, prime goods


(Source: Manila Bulletin | January 15, 2016) The Department of Trade and Industry (DTI) appeals for the reduction of suggested retail prices (SRPs) of basic necessities and prime commodities relative to the decrease in diesel and fuel oil prices. Data from the Department of Energy reflect that retail prices of oil significantly declined in 2015 corresponding to a 25.81% price ...

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