Retail

17 Jun 2024

3:12PM

Wilcon aims for larger share with small-format store expansion

As households grapple with inflation, home improvement retailer Wilcon Depot Inc. is prioritizing the expansion of its smaller format stores.

31 May 2024

12:51PM

Philippine online sales growth to outpace rest of Southeast Asia, says Forrester

US-based Forrester expects that online retail sales growth in the Philippines will outpace the rest of Southeast Asia through 2028, matching that of neighboring Vietnam.

29 May 2024

12:59PM

SM City Caloocan boosts local SMEs and expands jobs

SM Prime Holdings’ 86th mall, SM City Caloocan, recently opened its doors, providing a venue for small and medium enterprises to thrive.

21 May 2024

12:38PM

SM Markets' major expansion: 15 new provincial stores in 2024

The SM Group’s SM Markets is set to open 10-15 new stores this year to provide provincial regions better access to modern grocery shopping.

6 May 2024

2:36PM

Wilcon Depot saw earnings dip in Q1 2024 due to holiday timing

By: Miguel R. Camus

Business tycoon William Belo’s home improvement retailer Wilcon Depot reported a net income of P740 million during the first quarter of 2024, a decline of 23 percent mainly due to the significant drop in March revenues that were influenced by the Easter holidays in March.

6 May 2024

1:01PM

Injap Sia’s Merrymart reports robust 2023 earnings

By: Miguel R. Camus

Tycoon Edgar “Injap” Sia II’s supermarket group MerryMart Consumer Corp. reported a profit of P408.2 million on revenues of P6.3 billion amid the expansion of its wholesale e-commerce business and improvements in scale and transaction value.

2 May 2024

4:39PM

PH 7-Eleven operator declares big dividends

By: Miguel R. Camus

The Paterno family-led Philippine Seven Corp., operator of 7-Eleven convenience stores, declared cash dividends of P7.3 billion or 9.60 per share on Thursday.

27 Apr 2024

2:11PM

Gaisano’s Metro Retail Stores Group expands in the Visayas

By: Miguel R. Camus

The Gaisano family-led Metro Retail Stores Group is expanding its footprint, breaking ground on four new supermarkets in Cebu and Leyte.

15 Apr 2024

2:54PM

Tantoco-led luxury retailer SSI marks sees record profit in 2023

By: Miguel R. Camus

The SSI Group, the Tantoco family’s specialty retailer operating international brands such as Balenciaga and Zara, said profits zoomed to a record P27.7 billion last year, a growth of 34 percent.