Gaisano-led Metro Retail Stores Group Inc. (MRSGI) reported a 4.2 percent increase in profit in the first nine months of the year to ₱213.3 million, as cost-saving initiatives offset the drag on consumer spending from natural calamities. Cash earnings, as measured by earnings before interest,...
Gaisano-led Metro Retail Stores Group, Inc. (MRSGI) has expanded its branch network to 78 stores with the opening of Metro Store and Supermarket in Bais City, marking the community and the retail chain’s continued growth in the Visayas. The firm said its newly launched Metro Market and Department...
Hard discount stores Dali and Robinsons Retail Holdings Inc. 's affiliate, O!Save, are giving stiff competition to traditional supermarket and convenience store chains by registering strong sales growth while expanding their reach in the retail market. Based on research by Abacus Securities...
Metro Retail Stores Group Inc. (MRSGI), a supermarket and department store chain controlled by the Gaisanos of Cebu, reported a 45.7-percent jump in net income to ₱146.3 million in the first half of the year. The company said its strong performance was particularly driven by its second-quarter...
Gaisano-led Metro Retail Stores Group, Inc. (MRSGI) announced a change in leadership with the retirement of Manuel C. Alberto as president and chief operating officer and the appointment of Joselito Orense to take his place. After serving as President and Chief Operating Officer for seven years,...
Gaisano-led Metro Retail Stores Group Inc. (MRSGI) reported a 1.4-percent dip in net income to ₱609.42 million last year, from the ₱618.02 million earned in 2023, due to non-cash charges driven by its ongoing expansion program. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Metro Retail Stores Group, Inc. (MRSGI), the supermarket and department store chain of Cebu’s Gaisano family, is optimistic about its growth opportunities in the Visayas. In a disclosure to the Philippine Stock Exchange, the firm said it is aggressively expanding its retail network through...
Metro Retail Stores Group Inc. (MRSGI) is expanding its neighborhood grocery concept by opening new branches and converting existing stores to this format. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it continues to reinforce its presence in the country’s retail sector...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family suffered a 19.6 percent drop in net income to P204.7 million in the first nine months of 2024 from P254.6 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the decline in...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family reported a 27 percent drop in net income to P100.4 million in the first half of 2024 from P136.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm explained that “despite the...
Metro Retail Stores Group, Inc. (MRSGI) of Cebu’s Gaisano family expanded into the home furnishing and hardware business with the opening of its first Metro Home Improvement store at Marquee Mall, Angeles. In a disclosure to the Philippine Stock Exchange, the firm said this addition marks a...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family registered a 16 percent decline in net income to P50.3 million in the first quarter of 2024 from P60 million of the same period a year ago. In a disclosure to the Philippine Stock Exchange (PSE), the firm attributed the lower...
