Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
SWEDISH retail brand H&M (Hennes & Mauritz) is opening its doors to Cebuano shoppers at the Ayala Center Cebu today. Top officials are confident the brand, which was long clamored for by Filipinos to enter the Philippine market, will get a positive reception…
Homegrown fashion retailer Golden ABC, Inc. targets to open more than 100 new stores in the Philippines and across Asia next year. Bernie Liu, chief executive officer, said 100 more stores will open in the country while 25 others will open across Asia. Liu…
D.M. Wenceslao and Associates, Inc. (DMWAI), a developer with one of the largest landbanks in Metro Manila, is teaming up with Hongkong Land through a joint venture (JV) between their respective subsidiaries, Portal Holdings, Inc. and Hongkong Land…
Last week amid cheers and the beat of drums, Cebuano retailer Frank S. Gaisano – with his siblings Margaret, Jack and Edward by his side – rang the opening bell at the Philippine Stock Exchange (PSE) in Makati. The traditional ceremony marked the market debut…
Daiso Industries Ltd. is impressed with the growth of the Daiso Japan store chain in the country. Japan founder and President Hirotake Yano was recently in the country as one of the speakers of the 17th Asia-Pacific Retailers Convention and Exhibition (APRCE)…
Ascend Group, Thailand’s leading e-commerce retailer, has launched iTrueMart.ph e-commerce website to serve the Philippine market as it sees a huge potential in the country, with the onset of the Asean Economic Community. iTrueMart.ph aims to become the…
SM Prime Holdings, Inc., one of the leading integrated property companies in Southeast Asia, opens today its newest regional landmark, SM Seaside City Cebu. In a disclosure to Philippine Stock Exchange, SM Prime said this is its 56th mall in the country, and…
iTrueMart, Thailand’s leading e-commerce retailer, has launched its first e-commerce site in the country, iTrueMart.ph, and targets to be the dominant local e-commerce player in two years. In 2016, the online retailer, one of the companies under Bangkok-based…
BDO Unibank, Inc. (BDO) and FIDEA Holdings Co., Ltd. (FIDEA Group) further strengthened their business relationship through a memorandum of understanding (MoU) that will allow BDO to provide support to FIDEA’s clients who plan to invest in the Philippines.…
This Christmas, Santa Clause won’t be the only one painting the skies red. AirAsia Philippines will also be coming to town with a Red Hot P0.01 Flight Promo Sale beginning on November 23. The one-centavo seat sale includes promo fares to all domestic…
Philippine company Vista Land & Lifescapes has paid US$691 million for a controlling 88 per cent stake in property developer Starmalls. While both companies are essentially controlled by the family of former Philippine senator Manuel Villar, Vista believes…
Singapore-founded fashion retailer M)phosis is reportedly closing all its Southeast Asian stores due to financial challenges. The Straits Times has reported the chain is in the process of closing remaining stores in Vietnam, Malaysia, the Philippines and…
DM Wenceslao and Associates, a construction and real estate company, has launched pre-marketing for a $150 million to $200 million initial public offering that could turn out to be the Philippines largest flotation of the year. The deal is coming at a time…
Groupon – which has exited three Asian markets this year – continues to struggle globally with ts flawed discounting model. Operating on wafer thin margins in the first place, the company has taken a severe hit from currency exchange fluctuations in the third…
November 11 has become the largest online shopping day in the world. For Lazada Philippines (www.lazada.com.ph), the country’s leading one-stop shopping and selling destination, 11/11 marked the start of its highly anticipated Online Revolution Sale and the…
SM Retail of the Philippines has reported a 6.5 per cent increase in sales over the first nine months of the year to PHP145.3 billion (US$3.1 billion). Profit rose 21 per cent to PHP4.6 billion (US$98.2 million). Reviewing its operating divisions over the…
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