Philippines news & analysis

21 March 2017
Metro Retail Stores Group, the fifth largest retailer in the Philippines, saw profits grew to PHP789m (US$15.7m) for fiscal year 2016, boosted by a strong fourth quarter. Reaping benefits from supply chain modernisation Last year, the group opened a new warehouse facility in Cebu with advanced storage and security features. The retailer also added tracking capabilities on their new trucks t...
10 March 2017
Philippine Seven Corp., 7-Eleven’s operator in the country, said that it plans to build 412 new stores this year, spending PHP3.5bn (US$70m) to PHP4bn (US$80m) in capital expenditures in 2017. 10,000 stores in 10 years Jose Victor Paterno, the company’s CEO, said that, out of 412 new store planned for 2017, half will be company-owned stores while the other half will be offered for franc...
09 March 2017
SM Investments Corporation, Philippines’ leading conglomerate, has registered a 9% growth in consolidated revenues in FY2016. Its retail arm SM Retail has also grown by 8% in revenue to PHP 276.5bn (US$5.5bn). Expansion continues The food group, which includes SM Markets (SM Supermarket, SM Hypermarket and Savemore) and WalterMart, continued to expand mostly in provincial areas last year. I...
02 March 2017
Dairy Farm, leading multi-format retailer in Asia, reports sound profit growth of 7% in 2016, despite soft consumer sentiment and intense pressure on pricing in most markets.  Sales, excluding associates and joint ventures, of US$11.2 bn, were 1% ahead of the prior year in US dollar terms and 2% ahead in constant currency terms. The retailer opened 114 net new stores during the year. Food: ...
12 January 2017
Lawson, Japan’s leading convenience store operator, has reported a 6.1% increase in consolidated operating revenues, while its operating income has dropped 7% in the third quarter of 2016. Sales increase while income dips For the third quarter of 2016, Lawson has seen net sales of its c-store business grow by 4.4% to JPY 1,617,505m (US$ 14,149m). Its gross operating revenue has also increased...
15 December 2016
Southeast Asia’s largest ecommerce site Lazada is rolling out a series of initiatives to expand its capacity in the region, with help from online grocer RedMart that it recently acquired. Successful 12.12 sales event Lazada Group’s Online Revolution, also known as 12.12, has again proven to be the biggest online shopping event in Southeast Asia, ringing up US$40.5 million in sales. With ...
05 October 2016
The Philippine Conglomerate SM Investments is accelerating the expansion of its retail business, after completing the consolidation of all retail stores under SM Retail. Post consolidation expansion SM retail said its retail group is set to open two SM stores (shopping malls), 13 supermarkets (seven Savemore stores and six Waltermart stores), plus 70 speciality stores in the second half. ...
22 September 2016
The Philippines’ leading supermarket chain Puregold is strengthening its presence in the Visayas and Mindanao provinces amid steady double-digit growth in sales. Steady expansion to drive sustained growth Antonio delos Santos, Puregold vice president for operations said that the expansion is in line with the company’s annual 25-store expansions annually and a double-digit growth of between ...
09 September 2016
The Villar Group has revealed that it is investing an additional PHP1.4b (US29.6m), through its retail arm All Value Holdings, to expand its All Day Supermarket chain in the Philippines. 10 new stores in two years All Day Supermarket saw its third and largest outlet open last week in Vista Mall Sta. Rosa in Laguna. This followed the opening of the first two stores in Vista Mall in Tag...
30 August 2016
Grocery delivery platform HappyFresh has decided to exit the Philippines and Taiwan and will focus on other core Asian markets, after its Series B funding round. Consolidate market focus for profitability The Jakarta-based company HappyFresh has decided to close its business in Taiwan and the Philippines. Instead, it will concentrate on its three other markets: Indonesia, Malaysia and Thail...