Tag Archives: Philippine Retail

Toby’s sets P20-M expansion

(Source: Philippine Daily Inquirer, by Amy R. Remo | October 5, 2015) The company behind Toby’s Sports, the country’s biggest sports retail chain, is investing as much as P20 million to further expand its retail network next year as it seeks to cater to the Filipinos’ growing preference for a healthy lifestyle. Roberto Claudio Sr., chair of the Quorom Group of ...

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SM Investments capex may hit P100B in 2016

(Source: Business World | October 4, 2015) SM Investments Corp. may set aside as much as P100 billion to support its expansion program next year, as the holding firm of the country’s richest man Henry Sy, Sr. plants the seeds that will allow the conglomerate to take advantage of the Philippine economy’s robust growth. SM Chief Financial Officer Jose T. ...

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PH eyed as shopping hub

(Source: The Manila Times, by Voltaire Palaña | October 1, 2015) The Philippine Retailers Association (PRA) is teaming up with the Department of Tourism and the Tourism Promotions Board (TPB) to turn the country into a shopping hub in the region by reviving the Philippine Shopping Festival. The shopping festival is being held in line with the DOT’s Visit the ...

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Retail industry leaders discuss trends in PH

(Source: Philippine Daily Inquirer, by Josiah Go | September 11, 2015) The Philippine Retailers Association (PRA) won the bid to host this year the prestigious Asia Pacific Retailers Convention & Exhibition (APRCE). Organized by the Federation of Asia Pacific Retailers Associations (Fapra), composed of 17 national retail associations in Asia-Pacific, the 17th APRCE will be held at the SMX Convention ...

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Top retailers going full blast on mall expansion

(Source: The Philippine Star,  by Iris C. Gonzales | Aug. 24, 2015) The country’s top three retailers, Ayala Land Inc., SM Prime and Robinsons Land, are expected to launch more shopping malls and account for the bulk of the new retail space this year through 2018 on the back of rising incomes. “By 2018, total pipeline is estimated to be ...

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Retail sales at record high in Q1, faster growth seen

(Source: Manila Bulletin, by Bernie Magkilat | Aug. 14, 2015) Consumer spending in the country posted a record high of P1.278 trillion in the first quarter this year ushering a growth momentum of at least 5 percent for the entire year from a measly 1.5 percent for the past seven years. Lorenzo Formoso, president of the Philippine Retailers Association (PRA), ...

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Redefining convenience: Ultra Mega Launches valuable new shopping experience

(Source: The Philippine Star | Aug. 10, 2015) Ultra Mega Wholesale & Retail Mart is one of the leading retail and distribution giants as well as the fastest growing supermarkets in the country. With their supermarkets giving customers and franchisees a wide range of products and services at affordable prices, they provide shoppers unparalleled opportunities to save and stretch their ...

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Starmalls to do follow-on offering in 2016

(Source: Business Mirror, by VG Cabuag | Aug. 2, 2015) Starmalls Inc., the shopping-center development arm of the Villar group, will do a follow-on offering next year even to expand its mall portfolio in the country. The company’s Chairman Manuel Villar said proceeds of the follow-on offering will be used to fund its expected P26-billion expenditures over the next three ...

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Experts bullish about Rustan’s takeover of Adora

(Source: Philippine Daily Inquirer, by Cheche V. Moral | July 31, 2015) Rustan’s’ acquisition of the department store Adora, which caught many by surprise, could be a win-win situation for subsidiaries of the luxury retail corporation, according to a business analyst. Last May, the Tantoco family, which owns Rustan’s, announced that it was bringing Adora into the fold, an idea ...

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Retail chain to open 4 stores in Visayas, Mindanao this year

(Source: SunStar, by Jeandie O. Galolo | July 28, 2015) Retail and wholesale chain Prince Hypermart is set to open four more branches before 2015 ends, bringing the total number to 28 stores in Visayas and Mindanao. John Robertson S. Go, Prince Hypermart business development manager, said they will open the first branch in Gingoog City in Misamis Oriental. He ...

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