Puregold Archives - Page 2 of 2 - Inside Retail Asia

Lawson signs Philippine JV

Japanese convenience chain Lawson has partnered with grocer Puregold Price Club to develop a c-store chain in the Philippines. Lawson and Puregold will own 30 and 70 per cent of the joint venture, respectively. The JV plans to open 2000 stores in the long term across the Philippines, Lawson’s third market in Southeast Asia after Indonesia, where it has 60 stores and Thailand, where it has 31. Lawson also has nearly 12,000 stores in Japan and more than 400 in China. “The Philippines is…

[:en]Filipino grocer eyes bigger share[:zh]菲律宾超市放眼市场大份额

[:en]Filipino supermarket chain Puregold plans 25 new stores this year as it vies for a greater market share. It will invest 3 billion pesos ($233.3 million) to fund the expansion that it hopes will help it achieve 15 per cent growth this year. Puregold is converting the sari-sari stores “Tindahan ni Aling Puring” into mini-marts, to help small enterprises take their businesses to the next level. Sari-saris are ma-and-pa owned ‘hole-in-the-wall’ establishments where products for…

Filipino retailer eyes acquisitions

Philippine-based retail company Robinsons plans on acquiring small retail companies in anticipation of consolidation. Vice chairman Lance Gokongwei says retail sector consolidation is heating up in other parts of Southeast Asia. He anticipates the Philippine retail industry will undergo the same trend over coming years. Robinsons operates department stores, supermarkets, convenience stores and malls in the Philippines. “Modern trade will continue to consolidate at the expense of smaller…

Ayala expands retail business

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…

Ayala enters supermarket business

Filipino property developer forms JV with supermarket operator Puregold.