Philippines Latest News - Inside Retail Asia
Kim Soo-Hyun: Caffe Bene’s new face
Korean-based coffee shop franchise Caffe Bene has named famous Korean actor Kim Soo-Hyun as its global face.
Alfamart Philippines targets 3000 stores
Indonesian c-store operator Alfamart is aiming for up to 3000 Alfamart Philippines stores in its joint venture with SM Group.
SM to expand Savemore network
The Philippines’ SM Retail plans to open 20 more Savemore supermarkets this year after reaching the 100 threshold last year.
Foreign brands drive Manila malls boom
Rapid expansion of foreign and local retail brands are driving a Manila malls boom, according to CBRE.
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.
