Metro Department Store is opening at Ayala Malls Feliz
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The 53rd Metro Department Store has opened its doors at the Ayala Malls Feliz in Pasig City. Covering a floor area of 21,200sqm, the store includes a 6600sqm supermarket. “Customers can look forward to an enjoyable and convenient shopping experience as we consistently strive to deliver world-class customer service as well as a wide assortment of premium quality merchandise at affordable prices,” said Frank S Gaisano, Metro Stores Retail Group chairman and CEO.
The firm aims to open five more stores this year. An investment of P10 billion (US$191.9 million) has been allocated to store expansion over five years.
Metro Stores Retail Group has shops in Metro Manila, Central Luzon and South Luzon, as well as in Central, Western, and Eastern Visayas through department store, supermarket, and hypermarket formats.
For the first nine months of 2018, the group’s net income fell by 17 per cent to P454.93 million (US$8.7 million).
Questions & Answers
Q.How large is the new Metro Department Store at Ayala Malls Feliz?
How large is the new Metro Department Store at Ayala Malls Feliz?
The new store covers a total floor area of 21,200sqm. This includes a 6600sqm supermarket, offering customers a variety of retail options within the space.
Q.What is the Metro Stores Retail Group's expansion plan for this year?
What is the Metro Stores Retail Group's expansion plan for this year?
The firm aims to open five more stores this year. This is part of a larger investment strategy, with P10 billion allocated for store expansion over the next five years.
Q.What was the group's financial performance during the first nine months of 2018?
What was the group's financial performance during the first nine months of 2018?
The group's net income for the first nine months of 2018 fell by 17 per cent. This resulted in a net income of P454.93 million, equivalent to US$8.7 million.
Q.What is the Metro Stores Retail Group's geographical reach?
What is the Metro Stores Retail Group's geographical reach?
The group operates shops in Metro Manila, Central Luzon, and South Luzon. They also have a presence across Central, Western, and Eastern Visayas, using various store formats.
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