Robinsons Retail Holdings Inc news

03 July 2019
Robinsons, a leading retailer in the Philippines, is considering an exit from the fashion business and moving into premium grocery market and pet category. “ Put money where the growth is ” The Manila-based company, whose fashion portfolio includes Topshop and Dorothy Perkins, sees shrinking operating margins and growing competition in the fashion business, but better returns from pet, heal...
09 May 2019
Dairy Farm has released its results for the first quarter of 2019, with sales ahead of the same period last year. Food: large formats remain a challenge, convenience strong The Group’s multi-year transformation plan for its Supermarkets and Hypermarkets business is underway, but CEO Ian Mcleod previously estimated it will take the company five years to complete its turnaround plan.  Sales i...
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...
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...
20 August 2018
The Philippine Competition Commission (PCC) has approved the merger between Robinsons Retail Holdings Inc. and Dairy Farm's Rustan Supercenters Inc. Merger approved, deal to be completed soon... The acquisition by Robinsons Retail Holdings Inc. of a 100% stake in Rustan Supercenters Inc. has been approved by the PCC, and the deal is now expected to complete in the next couple of months. The...
27 July 2018
Dairy Farm has reported a strong set of results for the six months ended 30 June, with consolidated sales up 6%. Overall performance encouraging Total sales, including associates and joint ventures, were up 17% to US$12.2bn. This was mainly driven by increased sales from Yonghui supermarket in China. Dairy Farm sales increased 8% to US$5.9bn or up 6% at constant rates of exchange, and under...