Philippines Latest News - Inside Retail Asia
Dean & Deluca US files for bankruptcy
Thailand’s Pace Corporation has finally filed for bankruptcy of its Dean & Deluca US business after all of its North American stores were shuttered last year.
Metro Retail Stores posts strong profit growth
Metro Retail Stores Group in the Philippines has reported a 21.5-per-cent growth in income to US$20.80 million last year.
Crocs concept store opens in Manila
The first modular Crocs concept store in the Philippines has opened in Estancia Mall, Metro Manila.
Starbucks Philippines shuts down all stores due to COVID-19
Following its temporary closure of stores in Luzon last week, Starbucks Philippines has now extended the shutdown to Visayas and Mindanao.
SM, Jollibee roll out emergency packages for employees
As the community quarantine continues all over Luzon, Philippine conglomerate SM Group has committed to maintaining regular pay for all of its employees, without deductions from their vacation or sick leave entitlements.
SM Supermalls, Ayala Malls waive retail rents
SM Supermalls will waive retail rents for all of its tenants nationwide from March 16 to April 14 while Luzon is under “enhanced community quarantine” to fight the coronavirus.
Food chains in Luzon close or reduce operations during quarantine
Several major food chains in Luzon, Philippines, have decided to either temporarily suspend their operations or reduce operating hours after the area was put into “enhanced community quarantine”.
Metro Manila malls close, with only supermarkets, pharmacies remaining open
After Philippine President Rodrigo Duterte announced an “enhanced community quarantine” yesterday across Luzon, Metro Manila malls and some stores were temporarily closed to comply with the government’s fight against coronavirus.
MCM Philippines opens first store, at SM Mall of Asia
The first MCM Philippines store has opened its doors, in the giant Mall of Asia complex in Metro Manila.
The Philippines’ Max’s Group posts 17-per-cent profit growth
Max’s Group, which operates restaurants under its own brand name, Yellow Cab Pizza, Krispy Kreme, Jamba Juice and Teriyaki Boy, has boosted net income to $14.43 million last year.
DC Super Heroes Cafe in Manila closes for good
DC Super Heroes Cafe in Manila permanently closed on Thursday, announcing the move on Facebook. But the store will continue to sell merchandise via Facebook.
Pet Lovers Centre flourishes in the Philippines
The Philippines’ Robinsons Retail will open its fifth Pet Lovers Centre (PLC) this year following its strategy of broadening its retail focus beyond fashion.
