Tag Archives: Philippine Retail

How Lazada built a mall on the internet

(Source: Manila Standard Today | By Roderick T. dela Cruz, Darwin G. Amojelar | May. 16, 2015 ) Inanc Balci, a banker from Turkey, was only 26 years old when he first came to the Philippines in 2012 to establish a startup company selling goods online. That company has quickly thrived on the expanding market of tech-savvy Filipinos and turned into ...

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DoubleDragon eyes 100 Filipino malls

(Source: Inside Retail Asia | May 14, 2015) A Philippines property developer has raised US$112 million to help fund the ambitious development plan for 100 shopping malls across the nation. DoubleDragon Properties Corp plans to roll out the 100 CityMalls-branded centres by 2020 – the first 25 by the end of this year. The compact community malls will comprise between ...

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Specialty store retailer SSI profit rises 22% in Q1

(Source: ABS-CBNnews.com | May 13, 2015) SSI Group, Inc., the Philippines’ largest specialty store retailer, reported an unaudited net income of P267 million in the first three months of 2015, 22 percent higher than a year ago. SSI attributed the strong profit growth to store expansion, improvements in operating margins and its expansive brand portfolio, which includes Gucci, Hermès, Gap, Marks ...

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Philippine Seven says Q1 net income rises 13 pct

(Source: ABS-CBNnews.com | May 12, 2015) Philippine Seven Corporation (PSC), the local licensee of 7-Eleven convenience stores, said its net income jumped 13 percent in the first quarter. In a statement, PSC said its net income rose 12.9 percent to P112.9 million in the January to March period, from P100 million during the same period a year ago. The company attributed ...

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DoubleDragon sells P5-b notes

(Source: Manila Standard Today | Jenniffer B. Austria | May. 11, 2015 ) DoubleDragon Properties Corp., a joint venture between Edjar Sia II and Tony Tan Caktiong, said Monday it raised another P5 billion in fixed rate corporate notes to finance ongoing real estate projects that will strengthen the company’s thrust to become one of the top leading property firms in ...

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Puregold holds another store exhibit this month

(Source: Manila Standard Today | May 10, 2015) Retail giant Puregold Price Club Inc. is bringing limitless deals and prizes to the country’s sari-store owners this month as it mounts the 12th Sari-Sari Store Convention, the largest gathering of neighborhood retail store operators in the country. Puregold will host the convention from May 20 to 24 at the World Trade ...

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Filinvest eyes new projects in Cubao, Daang Hari

(Source: Manila Times | May 10, 2015 | by Kristyn Lazo) Property developer Filinvest Land Inc. (FLI) said it will launch a 20-hectare subdivision along Daang Hari in Las Pinas this year and a 1.2 hectare integrated mixed-use project in Cubao, Quezon City next year. FLI President Josephine Gotianun-Yap said the Daang Hari subdivision will cater to the high-end market with the ...

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PSE’s retail investor base to hit 1M by 2017

Source: BusinessWorld | by Daphne J. Magturo | May 10, 2015 AT LEAST three million Filipinos have the financial muscle to join the stock market, and the Philippine Stock Exchange (PSE) is targeting to corner a third of that by 2017 by penetrating the Visayas and Mindanao regions, PSE officials said. “There are about 600,000 investor accounts now, and a ...

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SMIC profit jumps 8.1% in Q1 on sustained growth of banking, property, retail businesses

Source: Manila Bulletin | by Maricel Burgonio | May 6, 2015 SM Investments Corporation (SMIC) said its consolidated net income rose 8.1 percent to P6.7 billion in the first quarter of 2015 on sustained growth of banking, property and retail businesses. “We are focused on expanding all our core businesses given the favorable economic outlook. Our expansion plans are geared ...

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