Thursday, December 1, 2022
By Philstar Starbucks Philippines announced Tuesday it would open more stores in the country as part of its “deliberate” plan to heighten its local presence, as its business recovers from a pandemic-led slump. The nationwide expansion means opening an average of...
By: BusinessWorld Sustainability has become a buzzword for every big business in the Philippines and the world. But for growing companies, incorporating sustainable practices to protect the environment can seem daunting. But for Green Fit Friend (GFF) personal care founder April...
By Inquirer Mall operators in the Philippines said their commercial establishments were ready for the anticipated increase in people going to shop, dine and enjoy some leisure time during the holiday season. In a recent interview with DZMM radio station, executives...
By BusinessWorld Filipino consumers’ propensity to shop and visit brick-and-mortar malls is starting to rebound. We now see the resurgence of high-density retail segments such as family entertainment centers, and this should result in greater traffic in malls. Many mall operators...
By Inside Retail Asia Hong Kong-based lingerie and fashion label 6ixty8ight has opened its first brick-and-mortar store in the Philippines through a franchise agreement with local fashion firm Suyen Corporation. Occupying a 168sqm space inside Manila’s shopping complex SM Grand Central,...
By Inquirer Gokongwei-led Robinsons Retail Holdings Inc. weathered the inflation contagion with hefty nine-month profit of P4.4 billion, up nearly 63 percent. At the same time, January to September sales jumped 16.7 percent to P127.1 billion while gross margins increased by...
By BusinessWorld The Philippine retail sector’s growth is projected to slow next year, as consumer spending will likely be affected by elevated inflation and rising interest rates. Barsali Bhattacharyya, Economist Intelligence Unit (EIU) industry manager, told BusinessWorld that local retailers will...
By BusinessWorld Holiday spending is expected to bring some much-needed cheer to Philippine mall operators and retailers, according to Colliers Philippines. In a Oct. 27 report, Colliers said major mall operators are now reporting that foot traffic is now at 85-95%...
By BusinessMirror Starting October 2022, SM Cubao — one of the first branches of retail giant SM in the metro — will be officially known as SM Araneta City. The historic City of Firsts welcomes the change in the name of...
By Asia Fruit IGD’s Soo-Eng Tan highlights investments being made by leading players The bar continues to rise for food retail in Asia, according to Soo-Eng Tan, IGD’s senior retail analyst. Speaking at last week’s Asiafruit Congress Online Preview, Tan said supermarket...
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