Philippines Latest News - Inside Retail Asia
Online pawn debuts in Philippines
PawnHero – Southeast Asia’s first online pawn shop – seeks to solve the problem of expensive credit for ‘base-of-the-pyramid consumers’ in emerging markets.
Jollibee to open 330 stores
Jollibee Foods will open 330 new stores in 2015 on the back of a solid boost in sales and profit last year.
Periwinkle childrens clothing targets ASEAN
Philippines retailer Periwinkle childrens clothing enters Indonesia in the first step of an ASEAN roll-out.
Supermarket chain snaps up rival
Philippines-based supermarket operator Puregold Price Club has bought nine rival stores in Nueva Ecija and other provinces north of Manila. In a stock exchange filing Puregold said the supermarkets were acquired from Nueva Ecija-based retailer NE Inc and are located in Cabanatuan and San Jose, Nueva Ecija; Baliwag, Bulacan; Baler, Aurora and Santiago, Isabela. “The additional stores will also make Puregold the dominant retail player in the province of Nueva Ecija,” the statement said. …
Wings chain lands in Philippines
US-based Buffalo Wild Wings opened its first restaurant in the Philippines on Thursday, (January 29). The new restaurant at Capitol Commons in Pasig City is the first of several to open in the Southeast Asian country, joining more than 1070 Buffalo Wild Wings restaurants in North America. “Between our fresh, diverse menu and sports centric dining experience, we are confident that Filipinos will enjoy this new option for watching their favorite sporting events,” said Sally Smith, CEO an…
Massive 7-Eleven rollout planned
Listed Philippine Seven Corporation (PSC), the local licensee of 7-Eleven Convenience Stores, will boost its capital spend this year by 50 per cent to expand its network. The company says it ended 2014 with 1282 stores – 273 more than at the same time a year earlier. It opened 286 and closed 13 during the year. Now it says it will spend P3 billion (US$68 million) in 2015 to fund an “accelerated store expansion strategy”. Some 350 stores could be added by the end of the calendar year…
Inditex seals deal for Philippines
Thai homewares giant Index Living Mall has signed a Philippines partner as its Asian expansion continues. Index will team up with the Philippines largest retail and mall operator SM Group to run the franchise for the concept for at least five years. Index managing director Kridchanok Patamasatayasonthi told the Bangkok Post newspaper Index chose the Philippines due to its huge market potential. “There’s no furniture or furnishings chain like us in the country, just small local and impor…
Hooters in major Asian roll-out
Hooters of America has signed an extensive development agreement to open 30 new Hooters QSR restaurant locations throughout Southeast Asia over the next six years.
SSI launches online store in Philippines
An online store recently launched in the Philippines by Stores Specialists will soon become the nation’s online gateway to global brands. Stores Specialists Inc is a member of the SSI Group, the number one lifestyle specialty retailer in the Philippines, a member of the Rustan’s Group of companies. It manages leading fashion, luxury and lifestyle brands like Gucci, Prada, Anne Klein, Ferragamo, Michael Kors, Hamley’s and Pottery Barn. The new website, SSI Life offers shoppers the opp…
LuLu plans SE Asian money shops
LuLu Group, the Emirates-based retail group, is looking to open a network of money exchanges in southeast Asian countries. According to media reports in the Gulf, Lulu Group plans money exchanges in Thailand, Vietnam and the Philippines, where it opened a liaison office late last year. The company had already announced plans to open hypermarkets in Malaysia and Indonesia and now, according to reports, Hong Kong is on its radar also. LuLu Group had earlier scheduled its first Malaysian h…
Ralph Lauren Black Label debuts in Manila
Ralph Lauren has opened its first luxury store in Manila, the Philippines. The new Ralph Lauren Black Label store is integrated with Rustan’s the up-market department store’s Greenbelt Makati site. The new store takes up 3000sqft and is a partnership with with Stores Specialists, a member of The SSI Group and an operator of specialty retailers. It offers a premium assortment of Ralph Lauren Black Label Men’s and Women’s apparel along with accessories, handbags and footwear. T…
SM expands supermarkets
The Philippines’ SM Group is boosting its retail unit by adding 10 new ‘Savemore’ supermarkets before the year ends. That would take the count to 112, says SM Supermarkets president Joey Mendoza. He said the expansion is aimed at banking in on the country’s steady population growth and Filipinos’ shifting buying preferences. SM also operates SM Supermarket and SM Hypermarket brand stores.
