Philippines Latest News - Inside Retail Asia
Walter Mart expands network in Luzon
Luzon supermarket operator Walter Mart has added six new stores to its network this year and the company has also ventured online.
Fruitas to launch grilled chicken, fresh foods concepts
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 defies global trend
Southeast Asian smartphone sales rose last year, bucking the global trend, according to new data from market research house GFK.
Robinsons Retail profit slumps 25 per cent
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.
Philippine Shopping Festival postponed due to coronavirus threat
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.
Three reasons why Asian retailers are upgrading their e-commerce platforms
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.
Retail businesses prosper for SM Investments
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).
First MOS Burger store in the Philippines opens in Manila
The first MOS Burger store in the Philippines opened this week.
Embattled Esprit posts another loss as sales tumble 40 per cent in Asia
Embattled fashion label Esprit has posted another loss in the December half year, as sales plunged by HK$1 billion.
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.
