Philippines Latest News - Inside Retail Asia
Retail grows 10 per cent for the Philippines’ SM Investments
The Philippines’ SM Investments has achieved 14-per-cent sales growth in the first half year, its retail division up by 10 per cent.
Ecco is returning to the Philippines
Danish footwear brand Ecco is returning to the Philippines through a shop-in-shop concept at SM malls.
Smashburger weighs down Jollibee results
Jollibee’s Smashburger and Red Ribbon business units significantly dragged down the restaurant-operator’s first-half profits.
Dairy Farm sales lift through acquisitions, restructuring
Hong Kong-headquartered Dairy Farm sales surged by 13 per cent in the first half of the year to US$13.8 billion.
Sephora data breach impacts Asia-Pacific customers
A Sephora data breach has been confirmed, spanning customers from Hong Kong across Southeast Asia and into Australasia.
A special place: How Starbucks Asia stores are designed
In Asia’s burgeoning coffee culture, design has become a key means for Starbucks to create a point of difference from rival chains.
Jollibee to buy The Coffee Bean & Tea Leaf for US$350 million
Philippine restaurant operator Jollibee Foods is to buy US cafe brand The Coffee Bean & Tea Leaf outright for US$350 million.
SM Group prepares to take over Harrison Plaza in Manila
SM Group will assume ownership of Manila’s Harrison Plaza complex from the Martel family by next year.
Same-store sales fall for Chow Tai Fook
Jeweller Chow Tai Fook says same-store sales in its Hong Kong home market and Macau fell by 11 per cent in the June quarter.
Philippines international franchise business-matching event planned
The largest Philippines international franchise business-matching event is scheduled for Manila on July 31.
New Tiffany Philippines store opens tomorrow
American luxury jewellery and specialty retailer Tiffany & Co will open a new freestanding boutique at Greenbelt 4 in Makati City, the Philippines tomorrow.
Lazada to launch its first Mid-Year Festival
Lazada will hold its first Mid-Year Festival on July 12.
