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Philippines-based Metro Retail Stores Group has recorded a 9.5% increase in sales for the first half of 2018.

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Philippines-based Metro Retail Stores Group has recorded a 9.5% increase in sales for the first half of 2018.

Strong H1 results

Metro Retail Stores Group has reported a strong set of H1 results, with PHP344m (US$6.4m) profit and strong same store sales growth of 4.6%.

Frank Gaisano, Chairman and CEO of Metro Retail, said, "The year may have started on a challenging note, but our retail sales performance remains strong and this has allowed us to move forward with greater stability and confidence [...] we started the re-building of our flagship store in Cebu, and we thank our loyal customers for their overwhelming patronage of our pop-up stores in the same mall. Rest assured that we are doing our best to accelerate the first phase of the store’s re-launch within the year [...].”

Building stronger brand presence

Metro Retail continues to expand its store network in the NCR, Luzon and in Eastern and Western Visayas. It recently opened, for example, a Metro Store at Ayala Malls Feliz in Pasig City, Metro Hypermarket in Baybay, Leyte and Metro Department Store and Supermarket in Bacolod. The retailer currently operates 51 stores and is committed to maintaining its position as largest retailer in the Visayas region.

Gaisano added, “We are committed more than ever to achieving a stronger brand presence for Metro with our continued investments in the provinces and other strategic growth areas [...] more consumers will benefit from Metro as we cement our position as one of the leading and preferred retailers in the country.”


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Metro Retail Stores Group, the fifth largest retailer in the Philippines, saw profits grew to PHP789m (US$15.7m) for fiscal year 2016, boosted by a strong fourth quarter.

Reaping benefits from supply chain modernisation

Last year, the group opened a new warehouse facility in Cebu with advanced storage and security features. The retailer also added tracking capabilities on their new trucks to monitor delivery times. These improvements in operations and logistics are paying off. In the fourth quarter, sales and income rose 7.4% and 24.3% respectively, compared to the same period in 2015. This brought full year sales to PHP34.4bn (US$685.9m), up 6.5% from FY 2015.

Continued growth expected this year

The steady growth seen from October to December is expected to continue into 2017. The retailer has new initiatives in place to sustain the sales growth and profitability. Chairman and CEO Frank Gaisano said, "These positive results show that our investments and operational improvements are and will continue paying off, allowing us to better serve our ever expanding market."

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