Tag Archives: Supermarket

Batangas City Retailer Gives Bigger Shopping Malls a Run for Their Money

(Source: Entrepreneur Philippines | November 16, 2018) Mr. Robert Go of Citimart shares with Entrepreneur Philippines how he started in the supermarket business, and why the business thrives inspite of the entry of big shopping malls in Batangas. Read on for an inspiring story. More than three decades since founding Citimart, a small grocery established in 1986 that grew into ...

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Filipinos went on fewer shopping trips during 1st half: Kantar study

(Source: Business World | September 13, 2018) More than half of Filipinos went on fewer shopping trips to purchase fast-moving consumer goods (FMCG) during the first half of 2018 amid rising consumer prices. This is according to a study on shoppers’ behavior by global research firm Kantar Worldpanel, which said that 53% of Filipinos went on fewer shopping trips from ...

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Walmart posts biggest U.S. sales rise in a decade, shares soar

(Source: Reuters | August 16, 2018) Walmart Inc. posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc. The world’s largest retailer is known for its sprawling stores, a factor that ...

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Metro Retail Stores posts P344-M H1 profit

(Source: Sunstar | August 13, 2018) On the back of a strong performance from its current network of stores, Metro Retail Stores Group Inc. (MRSGI) posted a 9.5 percent increase in retail sales for the first half of 2018. Highlighted by a 171 basis point improvement in margins, MRSGI also reported a P344-million profit for the first semester despite the fire ...

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Walmart reportedly set to sell Seiyu Japan business

(Source: Inside Retail Asia | July 13, 2018) American retail group Walmart is selling its Seiyu Japan supermarket chain. The Nikkei Business Daily reported that the firm is currently approaching potential buyers with a price tag that could reach 300 – 500 billion yen (US$2.7 – $4.5 billion). The move is being perceived as a potential outright withdrawal from Japan ...

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Small store formats show strength in numbers in today’s local retail market

(Source: Nielsen Press Release | July 5, 2018) Grocery retailers continue their aggressive expansion to extend reach to where busy consumers live and work. While big supermarkets continue to extend their footprint, rapid expansion is being driven by the emergence of small format stores, according to performance management company, Nielsen. Small format stores are modern trade stores which appeal to ...

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Tetra Pak to develop paper drinks straws

(Source: Business Mirror | May 31, 2018) The world’s leading food processing and packaging solutions company, Tetra Pak, is set to launch a paper straw to help address the issue of plastic straw waste. Before the year ends, packaging solutions giant will launch paper straws suitable for its small carton packages. It is part of Tetra Pak’s goal to minimize ...

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Cosco allocates P5.5-billion for 2018 expenditures

(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

(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

(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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