Philippines news & analysis

Indonesian convenience store chain Alfamart opened more than 200 new stores in the Philippines in 2019. Store network reaching 714 Since opening its first store in 2014 in the Philippines, Alfamart had more than 500 stores by end of 2018, operated by its local partner SM Retail. With the opening of the 714 th store in October this year, the retailer had more than 200 new stores opened in 2...

Emart, owned by South Korean retail conglomerate Shinsegae, is set to open its first private label store No Brand in the Philippines. First of the 25 stores to open The retailer said in a statement that it would open its first No Brand store in Manila on 22 nd November. The store is located inside Robinsons Galleria Ortigas, a business district in Metro Manila. No Brand offers good valu...

Dairy Farm has posted an update on its trading performance for the third quarter, with growth in line with last year. Steady third quarter overall, but weak consumer sentiment in Hong Kong Dairy Farm said it performed "steadily" in the third quarter, with overall earnings in line with the comparable period the prior year. Performance across all channels, however, was impacted by difficult m...

Robinsons Retail Holdings Inc, a leading retailer in the Philippines, posted lower profits in the third quarter despite growing 24.2% in sales over the same period. Net income declined over the nine months The company’s profit in the nine months to September was PHP2.88bn (US$57m), dropping 25% from a year ago. Its net sales grew 26.5% in the period to PHP116.2bn (US$2.3bn). Same store s...

Lawson has outlined plans to expand its network from 50 stores to about 500 over the next five years. Expansion with Ayala Corp. In 2016, Lawson with Puregold aimed to increase their store network to 500 stores by 2020 . This has failed to materialise, and the relationship between the two companies ceased last year. Lawson’s latest expansion plans will be supported by its new partner ...

The cryptocurrency can now be bought at all 7-Eleven stores across the country. Bring Bitcoin to everyday shoppers Abra has formed a partnership with ECPay to sell Bitcoin for cash in the Philippines. Abra is a well-known cryptocurrency investment app company and ECPay a payment processor firm. The partnership will introduce cryptocurrency to 6,000 locations across the Philippines, inclu...

Starting this September, Lazada Philippines shoppers can purchase products online and pay by monthly instalments. The goal is to extend financing to underbanked Filipinos The service, called eShopaLoan, offers monthly instalment options for purchases made on the Lazada online marketplace and LazMall. It finances purchases within the price range of PHP4,000 (US$76.6) to PHP20,000 (US$383). S...

FamilyMart has opened a new flagship store in the Philippines at the New Center, Clark Global City in Pampanga. 'Generation 2 FamilyMart' The new store offers daily essentials and food options ranging from Filipino breakfast meals to Japanese rice bowl dishes. To increase engagement and appeal, the design of the new ‘Generation 2 FamilyMart’ store is bright and modern. As the convenience...

The Philippines’ SM Investments has announced 2019 H1 results, achieving 14% year-on-year growth in the first half year, its retail business up by 13%. Retail revenue reaching PHP169.8bn The group’s retail business, SM Retail, saw revenues up by 13% to PHP169.8bn and net income reached PHP5.7bn. Excluding the adjustments due to the adoption of Philippine Financial Reporting Standards (PFRS)...

Philippine Seven Corp (PSC), the exclusive local licensee of 7-Eleven convenient stores, plans to open 300 new stores in 2019. Will hit 3,000 stores by end of 2019 The retailer continues to expand its franchise operations. The 300 new store openings will bring the total store count to 3,000 by end of 2019, on track with its plan announced in 2018 . A third of these 300 stores will be i...