Robinsons Retail Holdings, Inc. reported a 64 percent jump in attributable net income to P2.7 billion in the first half of 2022 from P1.67 billion in the same period last year due to robust gains from the second quarter. In a disclosure to the Philippine Stock Exchange, the firm said Net sales grew...
Retail Associates, one of the country’s leading retail solution advisory firms, has just been named LS Retail Diamond Partner for 2022, the only awardee in the Asia Pacific region and the only one to receive the highest Diamond Level distinction. The company was chosen over a field of 386...
DART, a Manila-based Quick-commerce (Q-commerce) provider, has entered into an operational and supply partnership with Robinsons Supermarket as part of its plans to tap the underserved online grocery market in the country. “This partnership with Robinsons is providing an extreme value to our...
The Philippine Retailers Association (PRA) has invited six of the world’s top industry experts to speak at the upcoming 28th National Retail Conference and Expo (NRCE) and provide guidance to local retailers as they thread the difficult path toward full recovery from the impact of the pandemic....
Alfamart Philippines, SM Retail’s first super minimart grocery chain, aims to expand its stores to a total of 1,400 by the end of 2022 as it actively looks for sites in terminals and residential communities. In a statement, the firm said that it hopes to open more Super Minimarts in communities...
SM Retail’s specialty brand Baby Company has built its digital presence and expanded its brick and mortar stores to provide for newborns’ essential needs in preparation for the full reopening of the economy. In a statement, SM Retail said Baby Company has recently opened stores in SM Daet and...
HEARD IT THROUGH THE GRIPE-VINE: OUR NEW ABNORMAL Sustainability is one of the most used, misused, and abused words of today. To look “woke,” companies and institutions across various industries will look for something in their operations that will allow them to proudly raise the green flag of...
Robinsons Retail Holdings, Inc. (RRHI) reported a 24.8 percent growth in attributable net income to P1.2 billion in the first quarter of 2022 from P945 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said earnings per share increased at a faster clip...
Metro Retail Stores Group, Inc. (MRSGI) reported a net loss of P318.10 million last year, a 29.2 percent improvement from the P449.60 million net loss it suffered in 2020. In a disclosure to the Philippine Stock Exchange, the firm said its net sales for the year reached P31.21 billion, almost the...
State economic managers have lauded Senate Minority Leader Franklin Drilon for his major contribution in the passage of three key economic reform laws that are seen to hasten the country’s recovery from the Covid-19 pandemic. In a letter signed by Finance Secretary Carlos G. Dominguez, Trade...
Singapore-based startup helps SME retailers automatically digitize their products Fairmart today announced the closing of an oversubscribed S$2M (US$1.5M) seed round co-led by Quest Ventures and Entrepreneur First, with participation from SOSV, Vectr Ventures and Hustle Fund. The company supports...
Former defense secretary and senatorial candidate Gilbert Teodoro on Wednesday called on the government to provide stable investment policies that would complement the passage of three key economic laws that are aimed to attract more foreign investors in the Philippines. Teodoro, a former Tarlac...
