Robinsons Retail plans 150 new stores in Philippines
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Robinsons Retail Holdings will launch up to 150 new stores in the Philippines this year.
The firm published a presentation online revealing plans to invest PHP3–5 billion (US$57.8–96.3 million) on the store openings, following expenditure of PHP4.41 billion ($85 million) on openings last year. As at December, it had 1910 stores, including supermarkets, department stores, do-it-yourself stores, specialty stores, drugstores, and convenience stores. The entire network covers a gross floor area of 1.48 million sqm.
Robinson’s achieved a 5.9 percent same-store sales growth last year, with help from a 1.5 percent uptick in transaction count and a 6.1 percent increase in basket size in its supermarket business. The group is targeting a 2-4 percent same-store sales growth this year.
The firm’s net income reached PHP5.11 billion ($98.5 million) last year, an increase of 2.6 percent on the year previous, with a 15.1 percent increase in net sales.
Questions & Answers
Q.What kind of stores does Robinsons Retail operate within its network?
What kind of stores does Robinsons Retail operate within its network?
The company's network includes supermarkets, department stores, do-it-yourself stores, specialty stores, drugstores, and convenience stores. As of December, it managed 1910 stores across these categories.
Q.What was the total net income for Robinsons Retail last year?
What was the total net income for Robinsons Retail last year?
Robinsons Retail achieved a net income of PHP5.11 billion ($98.5 million) last year. This represented a 2.6 percent increase compared to the previous year, alongside a 15.1 percent rise in net sales.
Q.How much does Robinsons Retail plan to invest in the new store openings this year?
How much does Robinsons Retail plan to invest in the new store openings this year?
The company plans to invest between PHP3 billion and PHP5 billion (US$57.8-96.3 million) on the new store openings this year. This follows an expenditure of PHP4.41 billion ($85 million) on store openings last year.
Q.What same-store sales growth is Robinsons Retail aiming for this year?
What same-store sales growth is Robinsons Retail aiming for this year?
Robinsons Retail is targeting a same-store sales growth of 2 to 4 percent for the current year. Last year, the company achieved a 5.9 percent same-store sales growth, partly due to increased transaction counts and basket sizes.
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