Puregold Price Club Inc. has assured sari-sari store owners of its continued support, pushing back against concerns over the rapid proliferation of modern retail formats, including streamlined convenience stores and hard-discount outlets. In a statement on Sunday, Nov. 30, the supermarket chain...
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...
President Marcos confidently pronounced that he will be able to sustain the implementation of the P20 per kilo of rice until the end of his term. Marcos said he will find a way to achieve it. "Watch me sustain it. And then, we 'll talk in May of 2028, natuloy ba o hindi (did it happen or...
Wellness and beauty retailer Watsons Philippines has launched four Greener Stores in Bonifacio Global City, Taguig following its first greener store opening in Laguna in June 2024. Aiming to promote sustainable retail, the new stores in BGC High Street Plaza, Eco Tower, Bonifacio Technology Center,...
Japanese retail giant Pan Pacific International Holdings Corporation (PPIH), operator of the popular Don Quijote and Don Don Donki store chains, has expressed interest in increasing their offering of Philippine-made goods. In a statement, the Department of Trade and Industry (DTI) said top...
The average monthly spending at sari-sari stores further declined in 2024, as Filipinos’ buying behavior trends towards micro-retail quantities—otherwise known as “tingi”—through smaller and more frequent purchases to stretch their limited budget. A report by tech startup Packworks showed...
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...
The government has increased the maximum kilos of rice a household can buy from Kadiwa stores to 30 kilos, an Agriculture official said. P45 well-milled rice is being sold at the Kadiwa store in the Bureau of Plant Industry (BPI) in Manila on Aug. 1, 2024. (Arnold Quizol | MB File Photo) In a...
