Philippines news

15 May 2019
Phoenix Petroleum, owned by Dennis Uy, is acquiring Circle K in the Philippines. Acquisition through Philippines FamilyMart Phoenix Petroleum’s subsidiary Philippine FamilyMart CVS Inc. is in the process of acquiring Circle K in the Philippines. The acquisition aims to help FamilyMart drive future growth, with Circle K stores set to be rebranded to the FamilyMart banner over the next few mo...
10 May 2019
SM Retail has announced Q1 results for the period ending 31 March 2019, with total revenue up 13% to PHP79.0bn. Food revenue up 17% to PHP41.8bn The food side of the business continued to see strong growth during the period, driven by positive like-for like sales in existing stores, as well as the opening of 1 SM Supermarket, 1 Savemore and 52 Alfamart stores. Although the retailer didn't o...
07 May 2019
SM Retail and A.S. Watson’s joint venture, Watsons, will open 100 new stores in the Philippines this year. Opening community-based stores Of the 100 planned new stores, 80% will be community-based stores. The aim is to provide greater accessibility to shoppers as it recognises that not all shoppers go to malls. These stores will be approx. 200 sq m, with three quarters of the space used as ...
07 May 2019
Robinsons has posted its annual results, with net sales up 15.1% to PHP132.8bn (US$2,556m). Strong set of annual results Robinsons posted net income of PHP5.1bn (US$98.5m) last year, an increase of 2.6% on the year previous. It achieved a 5.9% like-for-like (LFL) growth last year, mainly supported by a 6.1% increase in basket size in its supermarket business. In its convenience store bus...
11 March 2019
Lazada, the leading ecommerce platform in Southeast Asia, owned by Alibaba Group, plans to expand its cross-border trade for international brands. Global Collection 2.0 One of the key initiatives announced was a revamped “Global Collection”, which is a dedicated channel to showcase  Lazada’s cross-border merchants from around the world. The platform aims to help the brands grow their busine...
04 February 2019
The Philippines’ second largest retailer is expanding towards new geographic locations by opening stores and acquiring grocery retail chains nationwide. New stores opening The group is to open 25 more stores and four S&R membership warehouse stores this year. The four S&R membership warehouse stores to be opened this year will be located in Metro Manila, Southern Luzon and outside Metro Man...
19 December 2018
After 180 stores opened this year, more are planned in 2019. Continue to make inroads Indonesian mini-market operator, Alfamart, proposes to open 200 new stores in the Philippines in 2019. Alfamart currently has more than 500 stores in the country, located mainly in residential areas. The new planned stores will bring Alfamart’s Philippine store network to more than 700 by end of 2019. S...
20 November 2018
South Korean discount chain operator Emart signed an agreement with the local retailer Robinsons to launch two of its private labels in the Philippines. Expand global presence through private labels Under the agreement, Robinsons will set up and operate 25 Emart “No Brand” and 25 “Scentence” stores by 2020. No Brand sells daily necessities and food items. Scentence is Emart’s beauty brand. ...
31 October 2018
Robinsons, one of the leading grocery retailers in Philippines, reported a 9.8% increase in net income in the third quarter of this year. Robust like-for-like growth The growth is attributed to opening of new stores as well as robust like-for-like sales growth, which is up by 6.6% vs. the same period last year. Good performance across all formats Good performance can be observed acros...
15 October 2018
Traditional stores go by many names: mom-and-pop stores, kiranas (India); warung (Indonesia); kedai runcit (Malaysia); sari-sari (Philippines). They include markets, street vendors and kiosks, and are a major feature of Asia’s grocery retail landscape.  They’re also the specialist subject of Johann, one of our Singapore-based senior retail analysts. We asked Johann for his views on the traditi...