Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Philippines retail sector.
Philippines Latest News - Inside Retail Asia
Luzon supermarket operator Walter Mart has added six new stores to its network this year and the company has also ventured online.
Philippine food-and-beverage kiosk operator Fruitas Holdings will soon launch two new concepts in addition to their popular fresh-fruit shakes concept.
Southeast Asian smartphone sales rose last year, bucking the global trend, according to new data from market research house GFK.
Robinsons Retail has reported a 25-per-cent profit drop to US$75.2 million (PHP3.83 billion) last year and $18.8 million in the fourth quarter.
The first Philippine Shopping Festival, a nationwide sale promotion aimed at getting people into malls, has been postponed due to the rise of coronavirus disease worldwide.
There is currently an almost endless array of technologies and innovations that Asian retailers can invest in as they look to future-proof their business.
Shopping mall, retail and banking conglomerate SM Investments Corporation has reported a 20-per-cent increase in net profit last year to US$875.1 million (PHP44.6 billion).
The first MOS Burger store in the Philippines opened this week.
Embattled fashion label Esprit has posted another loss in the December half year, as sales plunged by HK$1 billion.
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.
The Philippines’ largest retail landlord SM Supermalls says retailers’ sales have dropped both at home and in China due to the coronavirus crisis.
Philippine home-store chain Allhome will expand its store network to push its selling space beyond 450,000sqm this year.