Philippines news & analysis

Our global analysts share some of the latest headlines across the globe. Here's what you need to know. From Europe REWE is the latest German retailer to partner with European crowd-shipping market leader Shopopop Aldi Sud’s ‘best from the region’ private label concept is growing, with it seeking to benefit from the popular German asparagus season Drugstore retailer Rossmann expands its ...

The Philippines’ second largest retailer Puregold Price Club Inc (PGOLD) reported its FY 2022 consolidated net income of Php 9.3bn, an increase of 13.5% compared to last fiscal year. Strong performance throughout pandemic Recently, Puregold was named as the Philippine’s Most Chosen Retailer according to Kantar, a leading global data analytics provider. Puregold has sustained a growth path thr...

Alibaba Group has announced its new organisational structure aimed at supporting each of the group’s business make faster business decisions and achieve independent financing through market funding, thereby unlocking greater potential for shareholders. Business will be broken into six core business groups Taobao Tmall Commerce Group will include ecommerce platforms such as marketplaces...

Alibaba Group reported its Q3 revenue, for the three months ending 31 December 2022, rose 2% to RMB247,756m (US$35,921m), and net income of RMB35,031m (US$5,079m), which is up 12%. Seven key segments performance highlights China commerce sales reduced 1% to RMB169,986m (US$24,646m) International commerce sales grew 18% RMB19,465m (US$2,822m) Local consumer services sales rose 6% ...

Dairy Farm International (DFI) reported its 2022 group revenue declined 0.9% to US$27,597m. Its underlying profit fell to US$29m, from US$105m in 2021. The Health and Beauty segment experienced strong sales growth due to the post-COVID-19 reopening of the economy, while the food segment showed signs of sales recovery DFI’s five segments performance highlights Food segment sales fell 3....

We round up some of the retailer’s efforts in sustainability we have seen in our store visits around Asia in the last few months. 1. Lotus’s Malaysia adds food aid bins in stores Lotus’s encourages shoppers to join in their food surplus programme. It provides meals to children who have limited access to safe and nutritious food. 2. EV powered tuk tuk to Tops food hall in Thailand ...

Dairy Farm International reported total revenue of USD 18,511mn, increased by 1%, and operating profit of USD 76mn, decreased by 37%, year-over-year in H1. It should keep improving sales and profitability, especially in food grocery retail, which suffered the most from COVID-19 impacts in the region. Sales normalizing in supermarket   Excluding the sales from non-grocery, associates and j...

The sustainability initiative is piloted by A.S Watson at the Serpentine Green Shopping Centre Superdrug store in Peterborough, UK. This follows some of the efforts introduced in its Asian stores like the refillable stations and plastic recycling programs. New Greener Stores Global Framework The global framework for sustainable practises introduced by A.S Watson takes a holistic approach ...

7-Eleven launches 2022 presidential election cups in time for the national elections on 9 May. Special edition cups available across the country The cups come in 22-oz and 12oz sizes for either cold drinks or coffee. They show the names and images of five presidential candidtates: Senator Ping Lacson, Senator Manny Pacquiao, Vice President Leni Robredo, Manila Mayor Isko Moreno, and ex-sena...

While not an official bank holiday, International Women’s Day is celebrated in many countries. We feature four ways retailers and suppliers are recognising women and girls in Asia. 1. Hershey Philippines celebrates women through limited edition packaging, strategic partnerships and storytelling to empower women and girls. It collaborated with four women to give honour to their contribution to ...