Puregold news

04 February 2019
The Philippines’ second largest retailer is expanding towards new geographic locations by opening stores and acquiring grocery retail chains nationwide. New stores opening The group is to open 25 more stores and four S&R membership warehouse stores this year. The four S&R membership warehouse stores to be opened this year will be located in Metro Manila, Southern Luzon and outside Metro Man...
27 April 2018
Puregold, which operates Lawson convenience stores in the Philippines, has agreed to return its 70% stake in the business back to its Japan-based partner, Lawson. Uncertainty at Lawson in the Philippines In 2014, Puregold partnered with Lawson to setup PG Lawson, which in turn operated Lawson convenience stores across the the Philippines. It had originally targeted 500 stores by 2020, but e...
28 November 2017
The Securities and Exchange Commission (SEC) has approved a deal that will lead to the merger of Puregold Price Club (Puregold) and three acquired grocery chains in the Philippines. The deal... Under the deal, Puregold will issue paid-in capital of up to PHP922.7m (US$10.9m), and also pay for PHP14.5m (US$287,855) common shares. The merger will see the three Estenso Equities supermarket com...
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...
11 August 2016
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...
05 April 2016
Japanese retailer Lawson plans to step up its operations in the Philippines, as well as other overseas markets. Opening flagship store in the Philippines Lawson has launched the 20th Lawson store in Manila. It’s described as its flagship branch in the country, offering unique and high-end products. Partnering with the local retailer Puregold, Lawson entered the Philippine market in 20...
04 April 2016
Philippine retail chain Puregold has revealed a plan to adjust its store format strategy by focusing on the superstore or warehouse format and re-branding its Junior and Extra banners. Expanding superstore format The Philippine retail market is primarily dominated by traditional trade, with estimated 700,000 small-scale market stores nationwide. Puregold sees growth in serving operator...
18 February 2016
Philippines-based retailer Metro Retail Stores Group has outlined a plan to more than double the number of stores in the country within five years. Opening up to 70 new stores Metro Retail Stores Group, the Philippines’ fourth-largest retailer, is planning to expand its network by opening 50 to 70 new stores in the next five years, the majority of which will be located in the Visayas re...
11 August 2015
SM Retail reports strong underlying growth in the first half. Puregold acquires BudgetLane supermarket chain. SM Retail reports sustained 6% growth in total sales For the first half of this year, SM Retail reported 6% growth in total sales to PHP96.7bn (US$2.1bn) and 13% increase net income to PHP3.1bn (US$67.3m). The food retail business has continued to expand in both urban and rural c...