Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
The Philippines Securities and Exchange Commission has approved Metro Retail Stores Philippines’ initial public offering, with the retail chain expected to raise P6.17bn (US$135m) next month. Run by the Gaisano family, Metro Retail Stores operates…
Around two years since Davao-Clark flights were suspended, the budget airline Philippine’s AirAsia is gearing up to revive the route, a tourism officer said. Arwin Lingat, provincial tourism officer of Pampanga, said that AirAsia is working out to offer again…
UNION BANK of the Philippines, Inc. (UnionBank) expects its retail business to boost its growth this year as an industry-wide slump in trading gains is seen continuing on the back of persisting market volatilities. The Aboitiz-led bank’s total loan portfolio…
L&L Hawaiian Barbecue has opened its first store in the Philippines, with a second one planned by November. The ‘plate lunch’ QSR brand made its debut quietly last month in a shopping mall at Edsa which will be followed by a second outlet in SM Megamall in…
The Asia luxury goods market is still growing rapidly despite negative press about Hong Kong, Macau and deteriorating China spending. Luxury goods retail sales in Asia-Pacific are expected to reach US$134.9 billion by 2019, growing at a CAGR of seven per cent…
The Philippine Retailers Association (PRA) is teaming up with the Department of Tourism and the Tourism Promotions Board (TPB) to turn the country into a shopping hub in the region by reviving the Philippine Shopping Festival. The shopping festival is being…
Philippine retail will get a yearly revenue boost from the recently launched nationwide grand sale called “Philippine Shopping Festival,” which is being eyed to become a yearly event. The Philippine Retailers Association (PRA) and Department of…
After 10 years serving Filipinos, Peri-Peri Charcoal Chicken & Sauce Bar has opened its first store overseas and says more will follow. The popular quick service restaurant concept has opened in Myanmar, the first test in an offshore market. Parent I-Foods…
Property conglomerate SM Prime Holdings, Inc. received a prestigious gold award for SM City Xiamen, Fujian Province, its first mall in China. SM City Xiamen/SM Lifestyle Center won the Mall China Golden Mall Awards 2015 Commercial Asset Management Company…
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei family, has acquired 90 percent of Savers Electronic World, an electronics and appliance store chain that operates 24 stores around the country. In a disclosure to the Philippine Stock Exchange…
Logistics firm DHL Global Forwarding (DGF) Philippines Inc has appointed Imran Shaikh as its new country manager. A certified Global Logistics Specialist, Imran has over 15 years of experience in international logistics, accounts management, freight…
AirAsia’s operation in the Philippines is entering a new phase which the group hopes will lead to profitability in 2016 and eventually an initial public offering. Growth is also expected to resume in 2016, ending a phase of consolidation and fleet reductions.…
Dubai International Financial Centre (DIFC), the financial and business gateway between the Middle East, Africa and Asia, today welcomed BDO Unibank – the first Philippine bank to operate in its premises. The UAE is home to an estimated 700,000 Filipino…
Grocery delivery app HappyFresh has launched in Thailand, with further expansion into Taipei planned for this month. The app made its debut in Kuala Lumpur and Jakarta in March. Next on its expansion program are Manila in October, followed by Surabaya and…
Filipino corporate restaurateur Max’s Group is to launch its Sizzlin’ Steak concept in Vietnam. Max’s Group is the largest casual dining restaurant company in the Philippines. It owns Yellow Cab Pizza, which it recently launched in the UAE. Sizzlin’ Steak is…
SM Group is to collaborate with The Walt Disney Company Southeast Asia to bring Disney brands closer to Filipinos through mall, retail, entertainment and amusement opportunities. The two companies say they aim to bring Disney, Marvel, Pixar and Star Wars…
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