Rustan’s Supercenters plans to open 15 new stores by the year-end to bank on the growing demand.
The supermarket and hypermarket operator of the Rustan’s retail group owned by the Tantoco family, will open in Cagayan de Oro, Cavite, as well as Metro Manila.
“We’re gonna expand at our own pace. We will make sure that the expansion that we do is rational – any store we open will be profitable,” said president Bienvenido Tantoco III.
Rustan’s Supercenters opened 35 stores last year: 10 Shopwise hypermarkets, 13 Rustan’s supermarkets, 11 Wellcome convenience stores and one Royal duty free store.
The company, which received an investment from Hong Kong company Dairy Farm last year, says it will continue expanding in the retail sector which is dominated by SM Group.
The Tantoco family also owns Stores Specialists which operates brands including Prada, Gucci, Marc Jacobs, Bottega Veneta, Starbucks and Marks & Spencer.