Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
Owndays Philippines has opened its largest optical shop yet, at SM Megamall in Manila. With 1500 frames to choose from, the Japanese eyewear retailer can provide prescription glasses in 20 minutes. Its 280sqm flagship has a children’s department featuring the…
Dairy Farm sales were described as “flat” in the third quarter to September 30. The Hong Kong-headquartered company said improved performances in health and beauty, Ikea, restaurants and Yonghui were offset by lower sales in the food and grocery division.…
With its expanding store network, Robinsons Retail Holdings (RRHI) has grown its net profit for the first nine months by 5.8 per cent year-on-year to PHP3.49 billion (US$68.2 million). Excluding one-off items and earnings from its 40 per cent stake in…
Cebu Pacific is looking at launching services to Melbourne in 2018, further strengthening the Philippine low cost carrier’s position in Australia following the upcoming upgrade of Sydney to daily. Cebu Pacific has served Sydney for three years and has talked…
Airasia Group CEO Tony Fernandes is hoping for the full development of infrastructure at the Clark international airport to boost Asean travel. “The answer is Clark for the Philippines but while waiting for that to happen we will begin a line of smaller…
South Korean dessert cafe Kiss the Tiramisu has opened its first store in the Philippines. In Salcedo Village, Makati City, it joins the roster of Kiss the Tiramisu branches in such countries as Hong Kong, Malaysia, Singapore and Thailand. Shirley Vy of local…
Rental revenues from mall expansions and consistent improvement in same-mall sales have helped boost income for integrated property company SM Prime Holdings. For its third quarter, the company had 16 per cent year-on-year net income growth to PHP5.6 billion…
Jollibee Foods Corp (JFC) has closed its restaurant chain 12 Hotpot in Mainland China. The 16 Shanghai-area stores were shut down by its subsidiary, 12 Hotpot (Shanghai) Food and Beverage Management, a 48 per cent-owned JV with WJ Investments. It was formed…
Philippine FamilyMart (PFM) may be taken over by Phoenix Petroleum as part of diversification move. In a disclosure to the stock exchange, Phoenix says it has signed a memorandum of understanding with SIAL CVS Retailers and its Japanese partners for a planned…
A Lacoste boutique store in TriNoma mall, Quezon City, has been transformed to become the brand’s first “standard premium” concept store in the Philippines. The new concept displays items against a backdrop of dark wood, steel furniture, stone-finished walls…
Gokongwei-led budget carrier Cebu Pacific Air launched a new program to train would-be pilots in Australia. Dubbed the Cebu Pacific Cadet Pilot Program, it seeks to address the airline’s expansion requirements over the next 5 years. The training will be…
Metro Retail Stores Group in the Philippines is planning to open more stores while it continues to mull e-commerce. Saying brick-and-mortar stores are still more profitable than online counterparts, chairman/CEO Frank Gaisano reveals that the company plans to…
Department store retailer Myer has responded to the broadside delivered by veteran and chairman of Premier Investments yesterday, asserting its “disappointment”. Yesterday, Premier released a statement which ruled out making a takeover offer for Myer and…
The Philippines’ leading airline, Cebu Pacific marked another milestone as it reached a total of 150 million passengers flown since starting operations in 1996. The 150 millionth passenger who checked-in and flew with CEB, identified as Alfredo Cruz, boarded…
After it introduced the first Quick Response (QR) code payments via app in the Philippines last May, PayMaya Philippines has announced that the scan-to-pay technology is now available across the country, with Smart Stores and select merchants in key cities…
Budget carrier AirAsia on Thursday announced it will start servicing flights from Manila to Bali and Jakarta in Indonesia starting January 2018. In a statement, AirAsia Philippines said it will start flying from Manila to Jakarta, Indonesia starting January…
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