Retail

6 days ago

IKEA cuts prices to win more cost-conscious Filipino shoppers

IKEA Philippines is doubling down on affordability to widen its customer base, permanently reducing prices by up to 20 percent on 400 of its most popular home items starting Aug. 19, 2025.

11 Aug 2025

3:41PM

INSIDER FOCUS | Penshoppe’s bold new era under the Liu brothers

By: Ramon C. Nocon

Penshoppe, established in 1986 and the flagship brand of fashion retailer Golden ABC Inc., is entering its most dynamic era yet, driven by a new generation of leaders—siblings Brandon and Bryan Liu—who are guiding the multi-awarded international fashion enterprise into its next stage of growth.

6 Aug 2025

11:37AM

Vincent Co-led Puregold posts P5.3-B profit in the first half 2025, up 7%

Puregold Price Club bucked retail headwinds in the first half of 2025, growing its net income by 7.1 percent to P5.3 billion amid persistent inflation and tighter consumer wallets.

5 Aug 2025

2:09PM

Wilcon first half 2025 net income down 23% as store traffic slows

Retail tycoon William Belo’s Wilcon Depot saw its first-half net income fall 23 percent to P1.163 billion as weaker foot traffic and rising costs offset gains from new store openings.

5 May 2025

12:12PM

Wilcon sees Q1 2025 profit fall 27.5%, bets on second half rebound

Retail tycoon William Belo’s Wilcon Depot’s profit plunged 27.5 percent to P536 million in the first quarter of 2025, even as sales inched up 1.2 percent to P8.4 billion, highlighting the growing pressure from rising costs and weaker performance in older stores.

26 Feb 2025

1:12PM

SM’s Alfamart to open 200 new stores in 2025, fueling jobs & local business growth

SM Group’s Alfamart is bullish on growth in 2025, adding 200 new stores in Luzon this this year and pushing its total beyond 2,100 locations.

26 Dec 2024

9:56AM

Cosco Capital, Siam Global House terminate joint venture for PH retail operations

The company said the decision was made on Dec. 23, 2024, and was mutually agreed upon after a strategic review of current market conditions.

18 Nov 2024

10:17AM

Gaisano’s MRSGI sees lower 9-month profit amid expansion efforts

Metro Retail Stores Group, Inc. (MRSGI) saw net income drop 19.6 percent to P204.7 million for the first nine months of 2024, impacted by higher non-cash charges from its expansion efforts.

8 Nov 2024

8:47AM

Lucio Co’s Puregold sees 9-month profit jump to P6.9B in 2024

Tycoon Lucio Co’s Puregold Price Club Inc. reported a net income of P6.9 billion for the first nine months of 2024, marking a 4.5-percent increase from P6.6 billion in the previous year.