Philippines’ retail chain Puregold will open 25 outlets this year to boost its nationwide footprint.
Parent company Puregold Price Club also plans to open four more S&R Membership warehouse stores. Planned locations include Metro Manila, Southern Luzon, and outside Metro Manila.
Puregold VP for investor relations John Marson Hao said the company would use proceeds from the recently-concluded P4.69-billion public offering to fund the construction of the new outlets.
The Puregold group operates 397 stores nationwide, including 345 Puregold stores, 16 S&R membership shopping warehouses and 36 S&R New York Style outlets.