Tag Archives: Supermarket

Cosco allocates P5.5-billion for 2018 expenditures

cosco

(Source: Manila Standard | May 17, 2018) Cosco Capital Inc., the retail holding company of billionaire Lucio Co, said it budgeted P5.55 billion for 2018 capital expenditures to expand its supermarket, real estate and specialty retail businesses. Cosco Capital said in a presentation during a recent investors briefing that it earmarked P3.65 billion for the store expansion of Puregold Price ...

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Puregold leaves Lawson store chain, sells out to partner

puregold

(Source: Manila Standard | April 27, 2018) Puregold Price Club Inc. of retail Lucio tycoon is exiting the convenience store business, with the sale of its entire 70-percent stake in Japanese retail chaon Lawson four years after venturing into the business. Puregold said in a disclosure to the stock exchange it accepted the offer of partner Lawson Japan to buy ...

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Sales of taxed sugary drinks dip further as consumers alter spending amid price hikes

sweetened beverage

(Source: Nielsen Press Release | April 18, 2018) While sales of sugar-sweetened beverages have been weakening in the past years, the accelerated rate of decline in sales in February or a month after the implementation of excise taxes reflects consumers’ typical reaction after a price increase, according to performance management company, Nielsen. Nielsen  Retail Index data shows more pronounced sales ...

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Robinsons Retail income rose 13% last year on strong sales

robinsons ad

(Source: Business Mirror | March 26, 2018) Robinsons Retail Holdings Inc. (RRHI) said its core income rose 13 percent last year on stronger sales, despite the higher base due to the 2016 elections. RRHI, the retail arm of the Gokongwei family that’s also buying Rustan’s group’s grocery business, said its income hit P4.7 billion last year, from P4.1 billion in ...

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Rustan Supercenters begin building first Shopwise outlet in Batangas

shopwise

(Source: Business Mirror | February 20, 2018) Rustan Supercenters Inc. (RSI) officially broke ground on Tuesday for its first Shopwise outlet in Batangas as the retail chain sets its sights to expand further in Southern Luzon, particularly in the Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) area. “With the development of residential and commercial properties, plus the Grand Terminal, I ...

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Puregold to open 25 stores this year

puregold

(Source: Business World | January 2, 2018) Puregold Price Club, Inc. will continue the expansion of its supermarket business in 2018 as it plans to open 25 new stores. “We plan to roll out 25 new Puregold stores in 2018,” Puregold Vice-President for Investor Relations John Marson T. Hao said in an e-mail. This will be the same number of ...

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Most Filipino consumers still rely on traditional channels to obtain fast-moving goods

Sari-sari01

(Source: Business Mirror | December 24, 2014) While major mall developers in the country are aggressively expanding to other retail formats, such as hyper and supermarkets, Filipino shoppers still turn to their trusted sari-sari, or neighborhood variety stores, and nearby market stalls, as they still consider traditional channels as the No. 1 shopping destination for fast-moving consumer goods (FMCG). Based ...

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Puregold gets nod for triple merger

puregold

(Inside Retail Philippines | November 28, 2017) A deal that will take the Puregold store count to 324 in the Philippines has been approved by the Securities and Exchange Commission. It involves a merger for Puregold Price Club with three supermarket companies owned by Estenso Equities, its 50-50 JV with Ayala Land: Daily Commodities, First Lane Super Traders and Goldtempo Company. ...

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Puregold holds 4th KAINdustriya convention

puregold

(Source: Manila Bulletin | September 18, 2017) Food entrepreneurs are treated for a two-day event filled with discounts, negosyo packs, business talks, giveaways, fun, games, and entertainment in the 4th KAINdustriya Food Business Convention organized by one of the country’s leading retail company, Puregold Price Club which is slated today until tomorrow (September 19-20) at the World Trade Center, Pasay ...

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F&B sector helps fuel retail space demand in Cebu

food court

(Source: Cebu Daily News | September 8, 2017) The entry of internationally-recognized brands and the aggressive expansion of homegrown restaurant chains in Cebu are seen to continue driving the absorption of retail space demand in the country’s second largest urban hub. This, coupled with the Filipinos’ love affair with dining, is poised to sustain the food and beverage (F&B) segment’s ...

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