Retail association outlook positive for remainder of 2022

PRA Q2 2022 General Membership Meeting at Dusit Thani Hotel last July 07, 2022

By BusinessWorld

The Philippine Retailers Association (PRA) said its outlook for the rest of 2022 as the public resumes its pre-pandemic consumption patterns.

PRA President Rosemarie B. Ong said: “We’re expecting the second quarter to even be better than the first quarter. So far, the outlook (for) this year is very positive despite the challenges. Those challenges are external. We have no control of that. I think the main driver was home consumption,” Ms. Ong said on the sidelines of the PRA’s recent second quarter general membership meeting in Makati City.

Asked about rising local coronavirus disease 2019 (COVID-19) cases, Ms. Ong said that the PRA is hoping that the infection count “does not escalate” and hinder the retail industry’s recovery.

“I think things are under control and besides, majority of the population has been vaccinated already. From the reports that we got, most of the infected easily recover if they are vaccinated,” Ms. Ong said.

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