Tag Archives: Philippine Retail

Sinulog celebration spurs retail

(Source: Sun Star Cebu | January 14, 2016) A busy Sinulog Festival is just what local business owners need to keep their businesses thriving. Islands Group, for instance, is gearing up for the high customer traffic expected to flood their Island Souvenirs outlets before the Sinulog Weekend revelry. Come Saturday and Sunday, Cebuanos and local and foreign visitors will surely put ...

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Foreign brands drive PH retail property sector

(Source: The Manila Times | January 12, 2016) The Philippine retail property sector is experiencing ripples of excitement from the current upbeat business environment on the back of sustained overseas money inflow and bigger household spending, thanks mainly to business process outsourcing (BPO) income. In a report, global property advisor CBRE said the upbeat business environment in the country has been ...

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2016 RETAIL OUTLOOK: Philippine retailers remain confident of growth in 2016

(Source: Retail Asia Online | Dec. 16, 2015) Economic shifts of seismic proportions are coming to the vast and diverse region covered by the Association of South-east Asian Nations (ASEAN). How will it affect Philippine retailers and malls?Tina Arceo-Dumlaoreports. During the 27th ASEAN Summit held in Kuala Lumpur, Malaysia on November 22 this year, the leaders of the 10-member group ...

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Spanish retail giant sees potential in PH

(Source: Philippine Daily Inquirer | December 20, 2015) The recent move of international fashion retailer Mango from a space tucked inside Eastwood Mall to a bigger area in front of the shopping center was a sentimental moment for Kelly Santos, Mango Philippines country supervisor. “This was my base store so it’s close to my heart,” says Santos, who started as ...

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BSP adopts National Retail Payment System

(Source: Manila Bulletin | December 10, 2015) Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said that with the National Retail Payment System (NRPS) – which the central bank launched late Wednesday – Filipinos will be encouraged to transact using electronic payments more in the coming years. At the moment, only one percent of the 2.5 billion payment ...

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Shopping Frenzy Spurs Philippine Mall Owners to Add Record Space

(Source: Bloomberg Business | November 27, 2015) Philippine builders like SM Prime Holdings Inc. and Ayala Land Inc. can’t add retail space fast enough to satisfy demand from Southeast Asia’s most-confident consumers that pack Manila’s malls. A record 724,620 square meters (7.8 million square feet) of new retail space will be added in the Philippine capital next year, according to Colliers ...

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Looking beyond the cost of APEC

(Source: Manilla Bulletin | November 22, 2015)   Under the banner “Building Inclusive Economies, Building A Better World”, the Philippines hosted the 23rd APEC meeting with P10-billion budget. The question that lingers in the minds of most Filipinos has been: Was it worth it? People are quick to judge the event from the horrendous traffic and inconveniences that Manileños endured ...

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Japanese retailers bullish on Philippine growth

(Source: Business World | November 1, 2015) Japanese retailers are looking for growth in other markets like the Philippines, which have strong economic growth and young demographics, as the East Asian country suffers from a slowdown in consumer spending and a rapidly aging population. Fast Retailing Co. Ltd., Family Mart Co., Ltd. and Aeon Co. Ltd. are keen on expanding their ...

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Over 500-man Japanese delegation on hand for Manila APRCE

(Source: BusinessMirror | October 27, 2015 ) Members of a 500-strong Japanese delegation to the biennial 17th Asia-Pacific Retailers Conference and Exhibition (APRCE) have started arriving in Manila for the biggest and grandest retail-industry event in the region slated from October 28 to 30 at the SMX Convention Center, Mall of Asia Complex in Pasay City. Philippine Retailers Association (PRA) President Lorenzo ...

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Newly opened retail concept store aspires to be ‘Sneaker Capital’ for millennials

(Source: Spin.ph, by Rhoel V. Fernandez | Oct. 18, 2015) Back in the day, when you wanted to buy a pair of rubber shoes you went to the nearest department store, picked a pair that caught your fancy, made sure you got the right size, paid for it and went on your merry way. The landscape of sneaker culture has changed ...

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