Tag Archives: retail

Retail, tourism pull up region’s economy

(Source: Sun Star Cebu | 21 February 2016) The retail sector is feeling the rush from the continuing growth of the Central Visayan economy, which is still expanding faster than the national average, an official of the National Economic and Development Authority (Neda) said. Neda 7 Director Efren Carreon observed that retailers in Region 7 are investing more on their ...

Read More »

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. ...

Read More »

PHL’s Formoso new chairman of Asia-Pacific retail organization

(Source: Business Mirror | February 2, 2016) The Philippines now takes the leadership role in charting the development direction of the Federation of Asia Pacific Retailers Associations (FAPRA) in the next two years with the recent assumption of the Philippine Retailers Association (PRA) President Lorenzo C. Formoso as chairman of the FAPRA. Formoso, COO of Duty Free Philippines, has assumed the ...

Read More »

Beijing tops Chinese cities in spending

(Source: Manila Bulletin | January 31, 2016) Beijing retained its crown as China’s biggest shopping city in 2015, as online shopping fever continued to buoy retail sales and drove more old brands to open online stores. According to a report by Beijing Statistics Bureau, retail sales of consumer goods in the Chinese capital surpassed 1 trillion yuan ($152 billion) in ...

Read More »

International brands target Australia

(Source: Retail in Asia | January 21, 2016) Shoppers can look forward to more major international brand launches this year as global retail labels leverage the strong consumer sentiment Down Under to drive sales. And the international retailers that already have a foothold in Australia are likely to expand their store networks in 2016, to reach more shoppers with more ...

Read More »

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 ...

Read More »

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 ...

Read More »

The battle has just begun: Amazon vs. stores

(Source: Retail in Asia | Jan. 1, 2016) As the swell of holiday shopping subsides, online retail appears to have gained momentum this year. But traditional retailers and e-tailers alike face challenges to dominate in 2016, including weather, prices and profitability, experts told CNBC. On the online front, Amazon’s Prime membership service had a “record-setting” holiday, a press release said ...

Read More »

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 ...

Read More »

Lower rents drive more luxury brands and high street retailers to enter Asia-Pacific

(Source: Retail in Asia | November 20, 2015) Lower rents caused by weak retail sales and slowing in tourist numbers in China are driving more international luxury brands and high street retailers to march into Asia-Pacific, a new report of DTZ/Cushman & Wakefield said on Wednesday. High-profile international retailers are targeting Australia, New Zealand as well as Metro Manila, the ...

Read More »
Copyright @ 2014 Philippine Retailers Association. | Powered by MediaBlast Digital Corp.