Ayala Land Archives - Inside Retail Asia
The Philippine retail industry is expected to account for a fifth of the country’s overall economic output in the next decade.
SM Prime Southeast Asian expansion plans are imminent, judging by a chance interview with the company’s chairman.
Advisory firm KMC names the top Philippine retail trends.
Metro Retail will open seven stores in 2016.
Metro Retail Sales, Visayas’ largest retailer, has reported a rise in after-tax income of 20.6 per cent to P758.6 million (US$16.4 million) for 2015.
Philippine property giants are entering record capital expenditure programs in 2016, on the back of strong economy, according to the global property advisor Savills.
Philippine joint venture Ayala-Tantoco has sold its department store retail assets to Metro Philippines.
Prime Orion Philippines, which developed and owns Tutuban Center in Manila, is being taken over by retail and property conglomerate Ayala Land.
Global design company Benoy is expanding its portfolio in The Philippines, confirming five new commissions while completing two schemes.
Puregold Price Club is delaying the launch of its joint venture with Lawson until early next year. The joint venture was planning to open the first of an eventual network of 500 convenience stores bearing the Lawson brand by the end of this year. But Puregold president Leonardo Dayao says the first store will not now open until February. He said the first 50 stores are still planned by the end of 2015 and the target remains 500 stores within five years. Puregold sealed a partnership …
Real estate company Ayala Land boosts its retail portfolio with new malls and department store openings. Ayala says it will open 20 Wellworth department stores over the next five years. It will also open three shopping malls a year, ranging from 10,000sqm to 100,000sqm in size. The first Wellworth department store, a JV with the Tantoco Family, has just opened at Fairview Terraces, a new mall in Quezon City. “The intention is to introduce Wellworth in our mixed-use developments. Whene…
Filipino property developer Ayala Land is to increase its focus on its retail business. AL’s target is to open as much as 10 supermarkets and department stores over the next five years. “The department stores and supermarkets will definitely be our anchors so they will be in step with our shopping malls expansion program,” said CFO Jaime Ysmael. “They will follow the opening of the malls that takes two years to construct depending the size,” adds Ysmael. Its supermarket busines…