Philippines news & analysis

Rustan Supercenters, a member of Dairy Farm International in the Philippines, has appointed Irwin Lee as its new CEO. 30 years of industry experience The former managing director of P&G's business in the UK, Ireland and then Northern Europe, has been announced as the new chief executive of Rustan Supercenters in his native Philippines. Irwin Lee will bring 30 years of experience of work...

The leading retailer in the Philippines Puregold has reported a set of solid results for H1, with 18.3% increase in consolidated net sales to PHP51.1bn (US$1.1bn). Strong consumer demand drives growth Puregold consolidated net sales increase by 18.3% to PHP51.1bn (US$1.1bn) in the first half of 2016, due to the strong consumer demand from its existing Puregold, S&R stores and S&R New York...

In the first of a two-part series, we showcase some of the most inspirational stores we have seen around the world this year. Germany: Aldi Süd Future Store, Munich Selected by our discount retail team: Priya Chandarana, Milos Ryba, Keshia Walvin This new concept store in Eglharting, on the outskirts of Munich, is one of three 'future stores' and represents a new direction for Aldi...

SM Retail reports sustained growth in total sales of 9% to PHP105.1bn (US$2.2bn), while net income rose 14% to PHP3.5bn (US$74.4bn) for the first half of 2016. 64 new stores opened in six months SM Retail's strong performance is driven by store network expansion. At the end of June 2016, SM Retail had a total number of 328 stores, comprising 55 SM Stores, 47 SM Supermarkets, 45 SM Hyperma...

Philippine Seven Corporation, the operator of convenience store chain 7-Eleven, reports a 27.5% increase in sales for the first 6 months of the year, while its net income grows by 32.5%. Election spending boosts performance In a disclosure to the stock exchange, PSC revealed that retail sales of all stores went up by 27.2% to PHP15.5bn (US$328.9m), from PHP12.2bn (US$258.8m) a year ago, boo...

FamilyMart, one of Japan’s leading convenience store operators, has posted a 3.1% increase in operating revenues to JPY102bn (US$986m) in Q1 2016, whilst its operating income has declined 5.9%, to JPY10bn (US$100m). Sales growth driven by new stores While FamilyMart has seen a 1% uplift in LFL store sales, the aggressive store expansion in Q1 is also a key driver of the company’s solid ...

Uni-President Enterprises, one of the largest conglomerates in Taiwan, has set a target to significantly boost its sales in Southeast Asia within the next few years. Double or triple the sales in the region Uni-President currently operates the 7-Eleven convenience store chain in Taiwan, the Philippines, and China. The company recognises the exciting opportunities backed by the large po...

Backed by the strong business performance in 2015 and Q1 2016, Robinsons Retail Philippines has revealed that it will open 200 stores and will focus on growing convenience store and supermarket formats. Higher capital spending to support expansion Robinsons has designated PHP5bn (US$108m) in capital spending this year, nearly 60% higher than it did in 2015. The 200 new stores it plans to ...

Robinsons Retail in the Philippines has reported a strong Q1 with its sales increasing by 15%. The company has also announced a partnership with HappyFresh to provide an online grocery delivery service. Strong performance across all formats Robinsons’ consolidated net sales for the first quarter has grown by 15.1% to PHP22.7bn (US$486m) from PHP19.7bn (US$420m), driven by a 9% increase ...

Robinsons Retail Group has acquired 51% of the Philippines' largest drugstore chain, The Generics Pharmacy (TGP). Gives Robinsons a leading position TGP has more than 1,800 stores. Robinsons' acquisition, when combined with that of South Star Drug, will take the group's drugstore network to almost 2,200 stores, making it the largest in the country. Ambitious expansion plans Robins...