Tag Archives: Robinsons

Filipino Billionaire Gets a Taste for E-Commerce as Alibaba Looms

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(Source: Bloomberg | September 27, 2017) Robinsons Retail Holdings Inc., one of three giants that dominate retail in the Philippines, has begun moving more of its $2.7 billion empire online. The company plans to triple the number of supermarkets that ship web orders by 2018, said Robina Gokongwei-Pe, the tycoon John Gokongwei’s daughter and company president. Other parts of the ...

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DTI partners with retailers to promote Go Lokal! products

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(Source: Inquirer.net | 22 May 2017) From the onset, Trade and Industry Secretary Ramon M. Lopez has put micro, small, and medium enterprises (MSMEs) at the front and center of his advocacies as head of the department. But when you’re advocating for the demographic that accounts for nearly all, or 99.6 percent, of firms in the country, it may be ...

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Robinsons Retail Q1 income jumps 27%

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(Source: Business World | 12 May 2017) Robinsons Retail Holdings, Inc. (RRHI) rode on its expansion program and higher same-store sales to deliver a 27% increase in earnings in the first quarter of 2017, despite the impact of election-related spending that gave its bottom line a boost in the prior year. In a statement, the Gokongwei-led multi-format retailer said it ...

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First Go Lokal! store opens in Robinsons Place Manila

(Photo from: Outoftownblog.com)

(Source: Manila Bulletin | 28 March 2017) Robinsons Department Store, in partnership with the Department of Trade and Industry (DTI) opens the first Go Lokal! store in Robinsons Place Manila. Robinsons Department Store, an affiliate of Robinsons Retail Holdings Inc., is the first mainstream outlet to launch Go Lokal!, a public-private collaboration between DTI and local retailer partners that aims ...

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Robinsons Retail income up on expansion, acquisitions

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(ABS-CBN News | 20 March 2017) Robinsons Retail Holdings Inc., the retail holding company of the Gokongwei group, said its net income in 2016 grew 11.6 percent to P4.85 billion from P4.34 billion in 2015 on aggressive store expansion and recent acquisitions. RRHI in a disclosure to the stock exchange said 2016 consolidated revenues jumped 15.9 percent to P105.3 billion ...

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RLC completes Ilocos mall expansion

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(Source: Philippine Daily Inquirer | 4 July 2016) Gokongwei-led Robinsons Land Corp. has nearly tripled the footprint of its pioneering shopping mall in San Nicolas, Ilocos Norte, betting on rising affluence among Ilocano consumers. RLC announced on Monday the opening of a new lifestyle wing and business process outsourcing (BPO) offices in Robinsons Place Ilocos, bringing the gross leasable area ...

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Robinsons Retail plans P5 billion ($106m) store roll-out

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(Source: Inside Retail Asia | 2 May 2016) The company’s planned capital expenditures in 2016 is a 59 per cent increase from the P3.1 billion it spent in 2015. Robinsons Retail said expects to reach more than 200 stores in 2016 and would continue to explore merger and acquisition opportunities. “We have also gotten into a good start this 2016 ...

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Gokongwei-Pe, Sy-Coson on Forbes Asia list of top businesswoman

POWER BUSINESSWOMEN. Teresita Sy-Coson (left), daughter of Henry Sy, and Robina Gokongwei-Pe (right), daughter of John Gokongwei Jr, are among Forbes Asia's most powerful businesswomen

(Source: Rappler | 7 April 2016) Robina Gokongwei-Pe and Teresita Sy-Coson, scions of two of the country’s richest men, are among the 50 women on Forbes Asia’s Power Businesswomen 2016 list. This is the first time Gokongwei-Pe has been included on the elite list since its inception in 2012. Ranking 17th, she was cited for making Robinsons Retail Holdings the ...

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Robinsons full-year profit jumps 22%

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(Source: Philippine Daily Inquirer | 31 March 2016) Robinsons Retail Holdings Inc. said profit rose 21.9 percent to P4.34 billion in 2015, as more stores brought in the sales. In a stock exchange filing Wednesday, Robinsons Retail said in the fourth quarter alone, consolidated net income attributable to equity holders of the parent company grew 12.7 percent to P1.37 billion. ...

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John Gokongwei Jr steps down as Robinsons Retail chief

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(Source: ABS-CBN News | 22 March 2016) Tycoon John Gokongwei Jr. is taking a step back from his business empire, turning over more control to his son Lance Gokongwei. Gokongwei promised last year he would retire once he hit 90 years old. His birthday isn’t until August 11, but he is already letting go of Robinsons Retail Holdings Inc. (RRHI), ...

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