Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Philippines retail sector.
Philippines Latest News - Inside Retail Asia
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.
The first MCM Philippines store has opened its doors, in the giant Mall of Asia complex in Metro Manila.
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 permanently closed on Thursday, announcing the move on Facebook. But the store will continue to sell merchandise via Facebook.
The Philippines’ Robinsons Retail will open its fifth Pet Lovers Centre (PLC) this year following its strategy of broadening its retail focus beyond fashion.
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).