Philippines Latest News - Inside Retail Asia
Jollibee Foods profit slides despite strong fourth quarter
Philippine restaurant brand Jollibee Foods suffered a 14.4-per-cent drop in earnings last year after operating income fell by 25.1 per cent.
Philippine retailers experiencing coronavirus-related sales slump
The Philippines’ largest retail landlord SM Supermalls says retailers’ sales have dropped both at home and in China due to the coronavirus crisis.
Philippine chain AllHome eyes strong expansion
Philippine home-store chain Allhome will expand its store network to push its selling space beyond 450,000sqm this year.
Giant Ikea Philippines store delayed until next year
The opening of the first Ikea Philippines store has been delayed until next year.
Lenovo Philippines opens second Legion concept store
Tech brand Lenovo has opened its second Legion concept store in the Philippines at SM City Cebu.
% Arabica expands in Indonesia
Japanese coffee chain % Arabica is launching four locations in Indonesia, with new stores scheduled for Jakarta and Bali next month.
Philippine grocery MerryMart to raise US$31 million in IPO
Philippines grocery operator MerryMart has filed to raise up to PHP1.6 billion (US$31 million) in its forthcoming IPO.
Philippine e-commerce enabler Great Deals raises US$12m
Philippine e-commerce enabler Great Deals has raised US$12 million (PHP600 million) from local private equity firm Navegar.
2020: What’s in store for Asian retail
Asia’s scale, its pace of innovation and growth prospects mean that it’s one of the most exciting regions for food and consumer goods in global retail. So what’s in store for Asian retail this year?
Malaysia’s Leather Avenue to expand across Asia
Malaysian leather goods and bags retailer Leather Avenue is planning a complete store redesign across its more than 30 outlets in Malaysia.
H&M launches Monki in the Philippines
H&M Group is to launch Monki in the Philippines, the second Southeast Asian market for the Swedish fashion group’s diffusion brand. The first store for Monki in the Philippines will open later this year at SM Megamall in Manila and will be followed by a second at SM Mall of Asia. “Monki’s mission is to empower young women everywhere and help them feel good about themselves,…
Putien opens first outlet in the Philippines
The Cantonese/Fujianese-style Singaporean Michelin-starred restaurant Putien has opened its first eatery in the Philippines.
